Austrian Industrial Sector Fears Drop in Exports

Business › Economy ♦ 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: © Vindobona.org

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…

or Log In

Fast News Search
Related News
Austria: Foreign Trade Grows Decently (February 8, 2013)
CESEE: Foreign Trade With Austria Booms (November 24, 2012)
Austrian Foreign Trade Figures Flattening (July 12, 2012)
Austria´s Exports to Asia on the Rise (June 21, 2012)
Austrian Exports to France Exceed € 5.0bn (March 28, 2012)
Read More
WKO Austrian Federal Chamber of Commerce, Industrial Sector, Exports, Foreign Trade, Forecasts, Economic Growth, Industrial Production, Germany, Italy, Manfred Engelmann
Featured
See latest Vindobona Newsletter