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Sector Report by Bank Austria: Austria’s Food Industry Stagnates

Published: January 16, 2013; 11:19 · (Vindobona)

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: © foodstuffs1

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…

This article includes a total of 872 words.

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