FX.co ★ Austria Manufacturing PMI Returns to Expansion

The UniCredit Bank Austria Manufacturing PMI climbed to 50.4 in November 2025, up from 48.8 in October. This marks the PMI's first return to growth territory since July 2022, as production expanded for the fifth consecutive month, achieving its highest growth rate in three and a half years. This uptick was primarily driven by strong demand, leading to a slight increase in new orders, thereby concluding the longest recorded decline since May 2022. However, employment levels continued to decrease, although the rate of decline was the slowest recorded since August, indicating a gradual stabilization. On the cost side, input expenses rose for the fifth consecutive month, attributed to increasing prices for energy, food products, and integrated circuits. Conversely, output prices decreased for the seventh month in a row due to persistent competitive pressures. Looking forward, Austrian manufacturers remained optimistic about future production levels, with expectations significantly exceeding the long-term average.