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Unit Labour Costs in Goods Production Declined in 2011

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  • Thomas Leoni

    (WIFO)

Abstract

In Austria, the economic recovery after the financial crisis was accompanied by a reduction in unit labour costs in the manufacturing of goods in 2011. Although this decline only partly compensated for the rise in unit labour costs taking place in 2008 and 2009, unit labour cost development has generally taken a more favourable course in Austria since the start of the financial crisis than in the weighted average of its trading partners. However, the cost-determined competitiveness of the German export economy has developed somewhat more positively than is apparent in the unit labour cost data for the field "manufacturing of goods".

Suggested Citation

  • Thomas Leoni, 2012. "Unit Labour Costs in Goods Production Declined in 2011," Austrian Economic Quarterly, WIFO, vol. 17(4), pages 243-255, December.
  • Handle: RePEc:wfo:wquart:y:2012:i:4:p:243-255
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    File URL: http://www.wifo.ac.at/wwa/pubid/46078
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    Cited by:

    1. 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(11), pages 121-131, November.

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