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Sector Report by Bank Austria: Austria’s Food Industry Stagnates
Weak trends in 2012: output stagnates, sales revenue grows by 3 per cent. Improved outlook for 2013: output may grow slightly. Growth potential driven by strong exports, especially to Eastern Europe.
Sector Report by Bank Austria: Austria’s Food Industry Stagnates / Picture: © Vindobona.org
The past year was characterised by weak trends in Austria’s food industry. Preliminary figures show that higher food prices led to growth of 3 per cent in sales revenue in nominal terms, to a total of EUR 15.1 billion, whereas output stagnated. This can be seen from the latest report on the food industry prepared by Bank Austria’s economists. Günter Wolf concludes that “results…
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