Austria's industry in free fall: minus 9.5 % - who stops the crisis?
Austria's industry in free fall: minus 9.5 % - who stops the crisis?
Austria's industry is on the abyss! New Eurostat numbers show a dramatic decline of 9.5 percent compared to the previous year, which makes the country the bottom of the entire euro zone. These alarming figures make it clear that the domestic industrial economy in December recorded the greatest decline in years. While countries such as Malta (+14.4 %) and Lithuania (+10.1 %) are flourishing, Austria suffers from massive structural problems that experts identify as the cause of the crisis. This refers to exploding energy prices, high wages and the increasing competition by China, which further exacerbates the Situation, as .
The situation for the export -dependent industry remains tense and the introduction of new customs policies in the USA could bring additional stress. Authorities and companies agree: Without urgent economic policy measures, an even longer crisis threatens. There are currently first bright spots in the form of rod options in inventory, but the complete recovery remains a long way off. In view of these worrying developments, it can only be hoped that the European industry will soon be stabilized and will start the economic upswing.
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| Ort | Österreich, Land |
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