Financial News: Austria Manufacturing Activity Shrinks In June

Austria Manufacturing Activity Shrinks In June

06/26/2025 - 05:55:00 (RTTNews)

(RTTNews) - Austria's manufacturing activity contracted in June, reflecting a renewed drop in output and new orders, survey data from S&P Global showed on Thursday.

The UniCredit Bank Austria Manufacturing Purchasing Managers' Index fell to 47.0 from a 28-month high of 48.4 in May. A score below 50 indicates contraction.

After rising for the first time in three years, production declined in June due to weak demand. Intake of new orders decreased partly reflecting hesitancy among customers. Export sales also decreased at a faster pace.

Backlogs of work continued to fall in a sign of underutilized capacity. Further, manufacturers stepped up the rate of job shedding as employment dropped to the greatest extent since March.

Average prices paid for inputs decreased in June on discounts from suppliers. At the same time, factory gate charges dropped for the second straight month.

Looking ahead, manufacturers expect output levels to increase in the coming twelve months, which was partly linked to hopes of a pick-up in economic conditions.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Russia Slashes Interest Rates Again On Easing Price Pressures (07 hr(s), 47 min(s), 41 sec(s) ago)
(RTTNews) - Russia's central bank lowered the key interest rate massively for a second policy ...Full Story»

UK Retail Sales Rebound As Warm Weather Boosts Spending (09 hr(s), 14 min(s), 41 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted consumer spending but consum ...Full Story»

Eurozone Bank Lending Growth Improves (10 hr(s), 07 min(s), 41 sec(s) ago)
(RTTNews) - Eurozone bank lending increased at a faster pace in June despite trade tariff concerns ...Full Story»

Russia Central Bank Cuts Interest Rate By 200 Bps (11 hr(s), 08 min(s), 41 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate by 200 basis points on Friday cit ...Full Story»

German Business Sentiment Strongest In More Than A Year (11 hr(s), 46 min(s), 41 sec(s) ago)
(RTTNews) - German business confidence improved to the highest level in more than a year in July d ...Full Story»

French Consumer Sentiment Improves Marginally (12 hr(s), 36 min(s), 41 sec(s) ago)
(RTTNews) - French consumer confidence improved marginally in July, monthly survey results from th ...Full Story»

Singapore Industrial Production Recovers In June (14 hr(s), 07 min(s), 41 sec(s) ago)
(RTTNews) - Singapore's industrial production growth accelerated in June, figures from Economi ...Full Story»

UK Retail Sales Recover In June (15 hr(s), 04 min(s), 41 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted food and non-food store sale ...Full Story»