India, April 26 -- Austria's manufacturing activity deteriorated further in April, though the pace of decline softened amid slower falls in output and new orders, data produced by S&P Global showed on Friday.
The UniCredit Bank Austria Manufacturing Purchasing Managers' Index stood at 43.5 in April, up from 42.2 in March. However, any score below 50 indicates contraction in the sector.
The decline in output eased for the fourth straight month in April. Similarly, new orders fell at the weakest pace in July 2022.
Manufacturing employment continued to decline sharply amid subdued demand conditions. However, the rate of job shedding softened slightly.
On the contrary, purchasing activity accelerated at the fastest pace in three months, ref...