India, Aug. 27 -- Austria's manufacturing sector expanded at its fastest pace in over four years during August, driven by accelerated output growth and renewed demand momentum, according to survey results published by S&P Global on Thursday.
The UniCredit Bank Austria Manufacturing Purchasing Managers' Index climbed to 54.4 in August from 51.5 in July. Readings above 50 signal expansion in the sector.
Output expanded at its quickest pace in four-and-a-half years in August, fueled by increased new orders and greater capacity utilization. New order growth reached its fastest rate since February 2022, supported by solid export sales increases.
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