The modest development in workers' productivity due to the downturn led to a rise in unit labour costs of about 2.1 percent compared to the year before. Combined with an unfavourable exchange rate development (+1.8 percent), this affected the unit labour cost position for Austrian goods...

In 2013, the cash-flow-to-sales ratio of the Austrian manufacturing sector reached an estimated 9.0 percent, a value significantly below the long-run average of 9.6 percent. The persistently muted performance of the manufacturing sector has affected the cash-flow-to-sales ratio, which declined...