WKÖ: "The Manufacturing Industry has not Processed the Crack Caused by the Crisis yet"

Business › Economy ♦ Published: March 16, 2011; 01:09 ♦ (Vindobona)

Production value of Austrian industry remains behind pre-crisis values despite a recovery.

WKÖ: "The Manufacturing Industry has not Processed the Crack Caused by the Crisis yet" / Picture: © Vindobona.org

The Austrian manufacturing industry is expected to generate a production value of € 125bn for the full year 2010. This puts it behind the 2008 pre-crisis value of € 135.6 bn. In 2009, industrial production crashed by almost 17%. "This slump has still not been fully digested by the industry. Starting from this strongly reduced level, production is expected to recover in 2010 by a…

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