Austria: Productivity Grows Moderately

BusinessEconomy ♦ Published: February 27, 2013; 14:51 ♦ (Vindobona)

Since 2005, the labor productivity per hour was up by 16%, the Austrian advisory firm Czipin says.

Austria: Productivity Grows Moderately / Picture: ©

The reason behind the improving productivity is the technological and structural change. According to Czipin Consulting, the manpower has reached its limits. However, the hourly productivity still has some upward potential. Czipin explains that only 37 out of 60 minutes are productive. This corresponds to 61% of the labor time. The editor of the study Alois Czipin thinks that Austria´s…

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