Financial News: Austria Manufacturing Activity Contracts At Slower Pace

Austria Manufacturing Activity Contracts At Slower Pace

07/29/2025 - 07:52:00 (RTTNews)

(RTTNews) - Austria's manufacturing activity contracted at a slower pace in July as output returned to growth, survey data from S&P Global showed on Tuesday.

The UniCredit Bank Austria Manufacturing Purchasing Managers' Index rose to 48.2 in July from 47.0 in June. However, a score below 50.0 indicates contraction.

Production volumes increased at the strongest pace in more than three years in June but it was only marginal overall. Manufacturers reported a fall in incoming new orders due to heightened uncertainty.

Companies reduced their backlogs of work in July and the pace of fall was the weakest in the current sequence of depletion that stretches back to mid-2022.

There was a sharp reduction in employment in July. Buying levels of manufacturers declined further. Meanwhile, stock of finished goods decreased for the second straight month and lead times on purchases lengthened for a second consecutive month.

Regarding prices, the survey showed that input prices rose for the first time in three months. However, manufacturers refrained from passing on higher costs to customers due to competition.

Growth expectations of manufacturers logged a marked increase in July. Confidence hit the highest since February 2022.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Inflation Data Due On Wednesday (01 hr(s), 20 min(s), 15 sec(s) ago)
(RTTNews) - Australia will on Wednesday see Q2 figures for consumer prices, highlighting a modest ...Full Story»

Belgium Economic Growth Slightly Slows In Q2 (08 hr(s), 14 min(s), 15 sec(s) ago)
(RTTNews) - Belgium's economic growth eased modestly in the second quarter of the year, revers ...Full Story»

U.S. Job Openings Decrease Slightly Less Than Expected In June (08 hr(s), 56 min(s), 15 sec(s) ago)
(RTTNews) - The Labor Department released a report on Tuesday showing job openings in the U.S. dec ...Full Story»

U.S. Consumer Confidence Modestly Improves In July (09 hr(s), 04 min(s), 15 sec(s) ago)
(RTTNews) - Consumer confidence in the U.S. saw a modest improvement in the month of July, accordi ...Full Story»

Eurozone Consumers Lower 1-Year Inflation Expectation: ECB Survey (10 hr(s), 07 min(s), 15 sec(s) ago)
(RTTNews) - Euro area households' inflation expectations for the short-term eased in June whil ...Full Story»

Finland GDP Contracts In June (10 hr(s), 13 min(s), 15 sec(s) ago)
(RTTNews) - Finland's economy contracted for the first time in four months in June, Statistics ...Full Story»

Italy Non-EU Trade Surplus Declines In June (10 hr(s), 46 min(s), 15 sec(s) ago)
(RTTNews) - Italy's non-EU trade surplus declined in June as growth in imports outpaced the in ...Full Story»

Austria Manufacturing Activity Contracts At Slower Pace (11 hr(s), 27 min(s), 15 sec(s) ago)
(RTTNews) - Austria's manufacturing activity contracted at a slower pace in July as output ret ...Full Story»