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

Werner Hölzl () and Thomas Leoni ()

WIFO Bulletin, 2015, vol. 20, issue 17, 190-201

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.

Keywords: Unit labour costs; price competitiveness; manufacturing (search for similar items in EconPapers)
Date: 2015
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Handle: RePEc:wfo:wblltn:y:2015:i:17:p:190-201