Austria: Turnover in industry and construction decreased by 6.8% in Q1 2020

A total of 66.348 enterprises in the entire industry and construction sector (+0.7% compared to the previous year) turned over €68.9 bn (-6.8%) in the first quarter of 2020, according to calculations by Statistics Austria.

The working-day adjusted turnover for industry and construction decreased by 7.1%. These figures coupled with a decreasing employment (948 152 persons, -2.8%).

At establishment level (66.914 establishments, +0.7%), production sold decreased by 7.1% (working-day adjusted: -7.4%) in comparison to previous year’s level and amounted to €67.9 bn in nominal terms (employing 947 517 persons, -2.8%).

With €58.1 bn, industrial production sold fell by 8.7% compared to the previous year.

The 36.476 Austrian construction establishments (+1.4%) achieved a production sold of €9.9 bn in the first quarter 2020.

This corresponds to an increase of 3.5% in nominal terms (working-day adjusted: +3.2%) compared to the previous year.

At the end of March 2020, Austrian construction companies (not including construction auxiliary trades) had orders booked totalling about €16.2 bn (-4.0% year-over-year).

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