In June 2024, turnover in industry and construction in Austria fell by 7.8% compared to June of the previous year, according to flash estimates by Statistics Austria. The index of hours worked decreased by 1.8%, while the index of persons employed increased by 0.4%. Road freight transport volume declined by 4.4% in the second quarter of 2024.
“Turnover in industry and construction has been shrinking year-on-year since spring 2023 and there are no signs of an end to the downward trend in June 2024. According to a flash estimate, turnover in industry and construction was again significantly lower than in June a year ago at −7.8%. Hours worked fell by 1.8%. However, employment remains stable. In June, the index of persons employed even increased slightly by +0.4% compared to June of the previous year”, says Statistics Austria General Director Tobias Thomas. Considering the industrial and the construction sector separately, the flash estimates for June 2024 showed a decrease of the turnover index in industry (−8.8%) as well as in construction (−1.9%) compared to the same month of the previous year. The index of hours worked decreased in industry (−1.8%), in construction it fell also by 1.8% compared to June 2023. The index of persons employed showed a slight decrease in
industry (−0.2%), in construction it rose by 2.5% (see table 1).
Decrease in industry turnover, construction with slight increase in April 2024
In April 2024, a total of 81 935 enterprises in the entire industry and construction sector reported a turnover of €32.5 bn (−2.3% compared to April 2023). At the same time, the number of employees decreased by 1.1% to 1 022 027. In nominal terms, turnover in industry was also down on the same month of the previous year (−3.1% to €27.1 bn). The 42 636 Austrian construction enterprises achieved a turnover of €5.4 bn in April 2024. This corresponds to a nominal increase of 1.9% compared to April 2023 (see table 2).
Decrease in industry production in April 2024
Compared to April 2023, sold production in industry (sections B to E of ÖNACE 2008) decreased nominally by 3.2% to €26.6 bn in April 2024. Some of the ten largest divisions reported declines compared to previous year others reported higher revenues an could achieve growth again (see table 3). A substantial drop was observed in electricity, gas, steam and air conditioning supply (−24.0% to €5.5 bn) where part of the development is influenced by falling energy prices. Other major divisions also reported a downswing, led by manufacture of basic metals(−5.4% to €2.0 bn) as well as manufacture of motor vehicles, trailers and semitrailers (−5.0% to €1.4 bn). Out of the ten largest divisions the manufacture of beverages (+31.9% to €0.9 bn) and manufacture of food products (+9.9% to €2.0 bn) could report an increase in turnover (see table 3).
Decline in road freight transport of Austrian enterprises in the second quarter 2024
According to a flash estimate, Austrian enterprises transported 93.8 million tonnes of goods by road in the second quarter of 2024. This means that the transport volume was 4.4% lower than a year earlier (98.2 million tonnes; see table 4). Multiplied by the distance travelled in Austria and abroad, this resulted in a transport performance of 6.5 billion tonne-kilometres (bn tkm; −2.4% compared to the second quarter of the previous year). Transport performance within Austria fell by 1.7% to 4.7 bn tkm and outside Austria by 3.9% to 1.8 bn tkm. The number of loaded journeys fell by 4.0% to 6.9 million. These decreases are mainly due to declining figures in own account transport, i.e. when enterprises transport goods for their own purposes, while transports for hire or reward remained almost stable.
Source: Statistics Austria
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