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Unit Labour Cost Position in the Production of Goods Stable in 2012 despite Economic Slump

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  • Werner Hölzl
  • Thomas Leoni

Abstract

In 2012, the recession shaped the development of unit labour costs in Austria. Labour costs in the manufacturing of goods increased by 3.2 percent, while labour productivity developed very weakly (+0.1 percent). This represents a rise in unit labour costs of about 3 percent. However, Austria's international competitiveness compared to the average of all trading partners, as well as to Germany, improved slightly in 2012 because productivity developed even less favourably among the trading partners.

Suggested Citation

  • Werner Hölzl & Thomas Leoni, 2013. "Unit Labour Cost Position in the Production of Goods Stable in 2012 despite Economic Slump," Austrian Economic Quarterly, WIFO, vol. 18(3), pages 177-187, November.
    • Handle: RePEc:wfo:wquart:y:2013:i:3:p:177-187
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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(13), pages 121-131, November.

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