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Unit Labour Cost Position of Austrian Manufacturing Shows Moderate Deterioration in 2014

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  • Werner Hölzl
  • Thomas Leoni

Abstract

In combination with a rise in labour costs in 2014, weak growth in Austria led to an increase in unit labour costs for manufacturing. Relative to the weighted average of all trading partners, this resulted in the second deterioration of Austrian unit labour cost position in a row. Seen in the long term, the relative unit labour costs of Austrian manufacturing have shown relatively little variation since 2003, remaining generally constant up to 2008 and since taking a slightly negative course.

Suggested Citation

  • Werner Hölzl & Thomas Leoni, 2015. "Unit Labour Cost Position of Austrian Manufacturing Shows Moderate Deterioration in 2014," WIFO Bulletin, WIFO, vol. 20(17), pages 190-201, November.
    • Handle: RePEc:wfo:wblltn:y:2015:i:17:p:190-201
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    References listed on IDEAS

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    1. Carlin, Wendy & Glyn, Andrew & Van Reenen, John, 2001. "Export Market Performance of OECD Countries: An Empirical Examination of the Role of Cost Competitiveness," Economic Journal, Royal Economic Society, vol. 111(468), pages 128-162, January.
    2. Werner Hölzl & Thomas Leoni, 2014. "Unit Labour Cost Position for Goods Production Deteriorated Slightly in 2013 Due to Foreign Exchange Rate Development and Economic Stagnation," WIFO Bulletin, WIFO, vol. 19(13), pages 121-131, November.
    3. Marcus Scheiblecker, 2015. "Österreichs Wirtschaft im Rückstand?," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(6), pages 497-510, June.
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