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Financial News: Austria's Factory Activity Growth Continues To Slow

Austria's Factory Activity Growth Continues To Slow

09/26/2018 - 07:54:00 (RTTNews)

(RTTNews) - Austria's manufacturing activity growth continued to slow in September, survey data from UniCredit Bank Austria and IHS Markit showed Wednesday.

The manufacturing Purchasing Managers' Index fell to 55.0 in September from 56.4 in August. The latest figure was the lowest in 23 months.

Although the indicator declined for the seventh time so far this year, a reading above 50 indicates expansion.

The decline in the headline figure reflected slower growth of output, new orders and stocks of purchases, tempered by a slightly stronger rise in employment and greater supply delays.

Moreover, the overall degree of sentiment in September was the weakest since December 2015.

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