Industry and construction showed slower development in April of this year. Turnover fell by 1.6 percent compared to the same month last year, Statistics Austria announced on Tuesday. The number of hours worked also fell by 1.1 percent.
According to the information, there was a slight increase in the workforce of 0.9 percent.
The volume of work decreases
Considered separately, turnover in the manufacturing sector fell by 2.1 percent in the reporting period, while the construction sector still rose by 2.2 percent. The volume of work fell in both: in industry by 0.7 percent and in construction by 2.6 percent.
In the employment index, there was moderate growth of 1.3 percent in manufacturing Bau again a slight decrease of 0.4 percent.
Results of 78,805 companies
In February, the manufacturing industry reported nominal sales growth of 6.1 percent. The data is based on the results of 78,805 companies across the materials goods and construction industries. According to the statisticians, this entire manufacturing sector achieved a turnover of 35.1 billion euros in February this year with 999,261 employees (an increase of 1.2 percent compared to the same month last year).
In nominal terms, ie without taking inflation into account, turnover in the tangible goods sector also increased due to the positive development in the industry in February – by 5.5 percent to 30.5 billion euros. Also in Bau the economy continued to grow – with an increase from 10.3 to 4.6 billion euros.
The production value sold in the entire tangible goods sector rose in February of this year by a nominal 6 percent to 30.1 billion euros. The largest production increase within the ten largest sectors of the material goods sector was the manufacture of motor vehicles and motor vehicle parts – with a growth of 24.3 percent to 1.6 billion euros.
Mechanical engineering (plus 22 to 2.6 billion euros), food and animal nutrition (plus 18.2 percent to 1.9 billion euros), data processing equipment, electronic and optical products (plus 12.9 percent to 0.9 billion euros) and electrical appliances (plus 12.0 percent to EUR 1.3 billion).
On the other hand, wood, toe, toe and cork products (excluding furniture) had a “clearly negative development” with a minus of 11.3 percent to 0.9 billion euros, as well as chemical products (minus 9.4 percent to 0.9 billion euros).
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
