Relative unit labour costs vis-à-vis trading partners are an important indicator of international competitiveness in the manufacturing sector. Unit labour costs are the main determinant for prices and consequently also for the competitiveness of a given sector or the economy as a whole,...

Austria's unit labour cost position improved thanks to the recovering economy and the related increase in productivity. Per-capita labour costs increased only slightly in manufacturing, while labour productivity per employee saw a greater rise. In general, unit labour costs in Austrian...