In Austria, the economic recovery after the financial crisis was accompanied by a reduction in unit labour costs in the manufacturing
of goods in 2011. Although this decline only partly compensated for the rise in unit labour costs taking place in 2008 and
2009, unit labour cost development has generally taken a more favourable course in Austria since the start of the financial
crisis than in the weighted average of its trading partners. However, the cost-determined competitiveness of the German export
economy has developed somewhat more positively than is apparent in the unit labour cost data for the field "manufacturing
of goods".
Keywords:Unit Labour Costs Manufacturing of goods Austria
Forschungsbereich:Makroökonomie und öffentliche Finanzen – Industrie-, Innovations- und internationale Ökonomie