Slow upward trend in Austria's trade and handicrafts

Politics ♦ Published: January 13, 2011; 00:05 ♦ (Vindobona)

For 2010, KMU-Forschung Austria expects slight sales increases. Support for research projects will be supported in future.

Slow upward trend in Austria's trade and handicrafts / Picture: © Vindobona.org

According to the Director of KMU-Forschung Austria (SME Research Austria), Walter Bornett, new orders and sales in trade and handicrafts fell by 0.8% in the first three quarters of 2010 compared with the same period of the previous year. Therefore, the industry has developed worse than the overall economy (+3.5%). The forecasts for the current first quarter of 2011 are cautiously…