{"id":437239,"date":"2025-11-06T12:37:44","date_gmt":"2025-11-06T11:37:44","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/437239\/"},"modified":"2025-11-06T13:23:17","modified_gmt":"2025-11-06T12:23:17","slug":"marked-increase-in-relative-unit-labour-costs-in-2024","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/437239\/","title":{"rendered":"Marked Increase in Relative Unit Labour Costs in 2024"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-437239","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In 2024, unit labour costs in Austrian manufacturing rose by 11.8 percent year on year. This implies a marked deterioration in relative unit labour costs, both versus the trade\u2011weighted average of all trading partners (+5.3 percentage points) and versus EU trading partners (+4.3 percentage points). Compared with Germany, Austria\u2019s most important trading partner, relative unit labour costs also worsened (+3.2 percentage points). The development relative to the trade\u2011weighted partner average is driven mainly by weaker productivity performance combined with unfavourable exchange rate movements. Relative to Germany and Western Europe, the deterioration stems primarily from more dynamic growth in compensation of employees. Over the past five years, unit labour costs in domestic manufacturing grew by 0.8 percentage points per year faster than the average of all trading partners, and by 1.5 and 1.7 percentage points faster than in Germany and Western Europe, respectively. Owing to government support measures during the COVID\u201119 pandemic and to cushion high inflation, results for the past five years should still be interpreted with caution.","onlinedate":"2025-11-06 11:37:46","lang":"German","publication_series":"","publication_date":"20251106","publication_date_year":"","publication_date_full":true,"publication_num_pages":"","keywords":"[]","jelcodes":"[\"F16\",\"F31\",\"J3\",\"L6\"]","related_publications":"[\"a3c36e92-b6f8-4ce6-8172-07b7de61291c\",\"d9eef97e-8ceb-431c-98a0-e43f452552ec\"]","pdf":437273,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"98","monthly_report_pages":"551-566","monthly_report_pages_sort":"551","issue":"10","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3510,3491],"collaboration":"","persons":[4917,4377],"persons_data":"[{\"personId\":4917,\"personName\":\"Benjamin Bittschi\",\"organisationNames\":[]},{\"personId\":4377,\"personName\":\"Birgit Meyer\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[\"Steininger Doris\",\"Weing\u00e4rtner Stefan\"]","scientific_review":"[\"H\u00f6lzl Werner\"]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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