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Werner Hölzl, Thomas Leoni
Improvement of Austria's International Unit Labour Cost Position in 2017
WIFO Bulletin, 2018, 23(17), pp.162-173
Online since: 14.01.2019 0:00
In 2017, the economic upturn in the Austrian manufacturing sector led to an improvement in the unit labour cost position compared with the weighted average of all trading partners. Productivity increased more strongly than in previous years, while labour costs in Austria rose only moderately. The Austrian unit labour cost position also improved in comparison with Germany and the other EU trading partners.
Keywords:Unit labour costs, price competitiveness, manufacturing TP_Wettbewerbsfaehigkeit_Produktion
Research group:Industrial, Innovation and International Economics – Labour Economics, Income and Social Security
Language:English