Austrian Industry Still Taking A Breather

07 Mar 2013

Austria industrial sector is picking up fast after the gloom.  "After making it past the economic low in the fourth quarter of 2012, the domestic production sector is taking a longer breather along its path to recovery at the beginning of 2013. The improvement in January was followed in February by a slight downward correction of the Bank Austria Purchasing Managers' Index to its current level of 48.3 points,"

 "Austrian industry has still not managed to escape from the level of stagnating production where it has been for two years." For four months, the indicator has been just under the growth threshold of 50 points – so far, there have only been tentative signs of a breakthrough. "The order situation in February was very subdued again. This had more of a negative impact on production output than in the previous month. Orders on hand stabilised, and job cuts slowed down,"

Exports also have picked up with increase in production. Austrian economy will benefit the most from the positive growth in industrial companies.

The country is also attracting quite few numbers of IT, ITES and service sectors to the country shore.  Companies are allowed to hire skilled professionals with a Blue Card or RWR Card.

Migrate to Austria, call now on 1800 103 1555 or mail your queries to [email protected]