International Unit Labour Cost Position in Manufacturing Deteriorated in 2016

Werner Hölzl and Thomas Leoni

WIFO Bulletin, 2017, vol. 22, issue 15, 143-154

Abstract: According to recent data, the Austrian economy experienced a deterioration in its international unit labour cost position for goods manufacturing in 2016, compared to the weighted average of its global trading partners, as well as in comparison to the EU trading partners and to Germany. This was mostly due to a higher rise in labour costs in Austria. In the long term, the Austrian unit labour cost position was comparatively stable, with a negative trend since 2013.

Keywords: Unit labour costs; manufacturing; price competitiveness (search for similar items in EconPapers)
Date: 2017
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