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Mechanical Engineering Returns to High of Growth

Published: November 15, 2010; 13:20 · (Vindobona)

The sector experienced a decline of output capacity by 22% in 2009, revenue in the sector dropped 24% to € 14.7bn. In 2010, production will grow by 8%.

Mechanical Engineering Returns to High of Growth / Picture: © Vindobona.org

According to the Sector Report by Bank Austria Volkswirtschaft, the Austrian mechanical engineering sector had to face huge losses in the year of recession in 2009. Output capacity declined by 22 per cent, revenue dropped by 24 per cent to € 14.7bn. The sector will be able to compensate for the decline, which was by far higher than the industrial average, in 2012 at the earliest.…

This article includes a total of 554 words.

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