According to Bank Austria, the downward slide in Austrian industry slowed significantly for the second consecutive month in June as a result of the lifting of further restrictions on corona containment. However, the industry has not yet returned to a growth path from the lockdown, said Bank. Above all, the strongly export-oriented industry lacks the demand support from abroad.
UniCredit Bank Austria’s Purchasing Manager Index (EMI) rose to 46.5 points in June (May 40.4 points), the highest since the beginning of the corona crisis, but is still well below the growth threshold of 50 points, as Bank Austria did on Friday announced.
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