Weakening of the Economy in all Federal Provinces

For the third quarter of 2022, regional economic indicators show a weakening of economic momentum in all federal provinces. While the development of the number of overnight stays in the first half year was still characterised by the catch-up processes following the COVID-19 crisis, growth flattened out significantly in the third quarter. Manufacturing and construction also developed less dynamically, and employment growth across Austria was 0.9 percentage points lower than in the second quarter. A differentiated analysis by provinces shows that the economic slowdown has taken different regional forms.