In the latest report released on 26 April 2024, the Unicredit Bank Austria Manufacturing Purchasing Managers' Index (PMI) for April 2024 showed a rise to 43.5 from 42.2 in March 2024. This increase indicates a slight expansion in the manufacturing sector from the previous month. The PMI is a crucial indicator of economic health as it provides insight into the operating conditions in the manufacturing industry. Despite the improvement, the PMI remains below the 50-point mark, signaling that the sector is still experiencing a slowdown. Economists will closely monitor future data to assess the trajectory of Austria's manufacturing sector in the coming months.
FX.co ★ Unicredit Bank Austria Manufacturing PMI Increases to 43.5 in April 2024
Unicredit Bank Austria Manufacturing PMI Increases to 43.5 in April 2024
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