Austrian Chemical Industry Grows

BusinessEconomy ♦ Published: May 11, 2012; 12:31 ♦ (Vindobona)

In 2011, the domestic chemical industry registered a 10.5% growth in revenues. Exports were up by 8.5%.

Austrian Chemical Industry Grows / Picture: ©

The Austrian chemical industry experienced a favorable business year in 2011. Last year, revenues rose by 10.5% to € 24.4bn. Exports rose by 8.5% to € 18.9bn. As imports also reached € 18.9bn, the foreign trade balance was neutral.

Investments made grew by 2.3% to € 612m. The number of workers grew by 3.5% last year. At the moment, the industry employs 43,200…