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

Werner Hölzl and Thomas Leoni

Austrian Economic Quarterly, 2013, vol. 18, issue 3, 177-187

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.

Keywords: Unit; labour; cost; Production; of; goods; Austria (search for similar items in EconPapers)
Date: 2013
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