The Economy in the Länder. 1st Quarter 2015

Growth rates were still low in Austria at the beginning of 2015. A moderate recovery of the economy cannot be expected until 2016. Unemployment rose sharply throughout the country, despite a small increase in the number of employed people in all Austrian Länder. Growth rates in the construction, retail and tourism industries were regionally heterogeneous: output declined in the construction industry in western regions, while production increased in the eastern and the western parts of the country. On the other hand, sales in the retail industry increased above-average in the western regions. In the tourism industry, urban destinations were characterised by the highest growth rates.