FOREX TradingCharts.com

Financial News: Austria's Manufacturing Contracts Most Since 2014

Austria's Manufacturing Contracts Most Since 2014

06/26/2019 - 07:24:00 (RTTNews)

(RTTNews) - Austria's manufacturing sector contacted at the fastest pace since late 2014 in June, survey data from IHS Markit showed on Wednesday.

The UniCredit Bank Austria manufacturing Purchasing Managers' Index, or PMI, fell to 47.5 in June from 48.3 in May.

Any reading below 50 indicates a contraction in the sector.

New orders declined at a rate similar to April's near four-and-a-half year record. Both the domestic and external markets weakened. Export orders fell at the sharpest pace since October 2012.

Input prices fell slightly, for the first time in thirty-four months in June, as prices for metals and chemicals decreased.

Manufacturers were neither optimistic nor pessimistic regarding their future in June as concern regarding an economic downturn, especially in the automobile sector, were partly offset by hopes of new product launches and possible expansion into new markets.

However, the subdued outlook damped job growth in June to its weakest rate in the thirty-nine month expansion sequence.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Iceland Inflation At 4-Month Low (01 hr(s), 31 min(s), 31 sec(s) ago)
(RTTNews) - Iceland's consumer price inflation slowed to the lowest level in four months in Ju ...Full Story»

Hong Kong Inflation Accelerates In June (01 hr(s), 33 min(s), 31 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation rose in June after easing in the previous mon ...Full Story»

Taiwan Jobless Rate Rises In June (01 hr(s), 34 min(s), 31 sec(s) ago)
(RTTNews) - Taiwan jobless rate rose in June after slowing in the previous month, the Directorate ...Full Story»

UK Households Remain Upbeat About Future Finances (01 hr(s), 40 min(s), 31 sec(s) ago)
(RTTNews) - British households' expectations towards future finances remained positive in July ...Full Story»

Estonia Producer Price Inflation Slows In June (05 hr(s), 27 min(s), 31 sec(s) ago)
(RTTNews) - Estonia's producer price inflation slowed in June, data from Statistics Estonia sh ...Full Story»

Dutch Consumer Confidence Improves In July (05 hr(s), 31 min(s), 31 sec(s) ago)
(RTTNews) - Dutch consumer confidence improved in July, data from the Central Bureau of Statistics ...Full Story»

World Bank Says Afghanistan Growth To Improve Despite Headwinds (06 hr(s), 42 min(s), 31 sec(s) ago)
(RTTNews) - Afghanistan's economic growth is expected to improve this year with easing of drou ...Full Story»

CBI Urges Next UK PM To Act Fast To Get Economy Back On Track (07 hr(s), 19 min(s), 31 sec(s) ago)
(RTTNews) - The next UK Prime Minister should restore confidence and take action to bring the econ ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Iceland Inflation At 4-Month Low

07/22/2019 - 05:51 AM (RTTNews)
(RTTNews) - Iceland's consumer price inflation slowed to the lowest level in four months in Ju ...Full Story>>

Hong Kong Inflation Accelerates In June

07/22/2019 - 05:49 AM (RTTNews)
(RTTNews) - Hong Kong's consumer price inflation rose in June after easing in the previous mon ...Full Story>>

Taiwan Jobless Rate Rises In June

07/22/2019 - 05:48 AM (RTTNews)
(RTTNews) - Taiwan jobless rate rose in June after slowing in the previous month, the Directorate ...Full Story>>

UK Households Remain Upbeat About Future Finances

07/22/2019 - 05:42 AM (RTTNews)
(RTTNews) - British households' expectations towards future finances remained positive in July ...Full Story>>

Estonia Producer Price Inflation Slows In June

07/22/2019 - 01:55 AM (RTTNews)
(RTTNews) - Estonia's producer price inflation slowed in June, data from Statistics Estonia sh ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.