India, March 27 -- Austria's manufacturing activity deteriorated at a slower pace in March, survey results from S&P Global showed on Thursday.
The UniCredit Bank Austria Manufacturing Purchasing Managers' Index rose to a 25-month high of 46.9 in March from 46.7 in February. However, any score below 50.0 suggests contraction.
Slightly faster decreases in both output and new orders contrasted with moderations in the rates of contraction in both employment and stocks of purchases, the survey said.
The fall in overall demand was due to market uncertainty and generally weak economic conditions along with falling export sales.
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Firms reduced workforce numbers...