FX.co ★ Unicredit Bank Austria Manufacturing PMI Increases to 43.5 in April 2024

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.