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Austrian Industrial Sector Fears Drop in Exports

Published: July 18, 2013; 08:21 · (Vindobona)

In the first five months of 2012, Austrian exports were only up by 3%. The outlook is rather gloomy. The Austrian Chamber of Commerce demonstrates pessimism.

Austrian Industrial Sector Fears Drop in Exports / Picture: © Flickr

The Austrian industrial sector is highly dependent on foreign trade. About 75% of the turnover is based on exports. Above all, the order stock is shrinking considerably. In the first three months of 2013, 5,200 jobs were cut. This corresponds to 1.2% of the workforce. The Austrian Chamber of Commerce (WKO) fears that the domestic industrial sector will not be able to retain the export…

This article includes a total of 212 words.

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