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Austrian Unit Labor Costs Down

Published: September 26, 2012; 21:11 · (Vindobona)

Austrian enterprises become more competitive. Last year, unit labor costs were down by 4%.

Austrian Unit Labor Costs Down / Picture: © Flickr

In 2011, productivity grew stronger than wages did. According to the Austrian economic research institute WIFO, Austria´s competitiveness increased. Productivity was up by 7.2%, gross wages increased by 2.9%.

In 2008, unit labor costs rose by 5.4%. One year later, unit labor costs were up by 11.5%. This was due to the short-time work in the manufacturing industry. In 2010, unit…

This article includes a total of 68 words.

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