In the run-up to the autumn wage round 2023, WIFO's collective wage tracker enables a comparison of productivity, collective wages and consumer prices. The explorative tool offers a variety of setting options.

Demand in Austria's accommodation establishments in the first half of summer 2023 exceeded that before the COVID-19 crisis (arrivals +1.0 percent, overnight stays +2.0 percent). Not only the number of overnight stays by domestic travellers (+3.2 percent), but also those of international guests (+1.5 percent) were above the values of 2019.

Austria's GDP contracted by 1.1 percent year-on-year in the second quarter of 2023. The further deterioration of sentiment indicators does not suggest an imminent turnaround.

To increase the labour force participation of pensioners, there is a current debate regarding the reduction of pension insurance contributions for elderly employees.