The Economy in the Länder. 3rd Quarter 2014

The Austrian economy could not gain momentum in 2014. Towards the end of the year, Austria even showed slight recessionary tendencies. While the growing unemployment affected all Länder similarly, the regional development of production, employment growth and touristic demand was heterogeneous. The most westerly Länder benefitted from sectoral growth in industrial production and showed comparably better figures on the labour market, whereas Eastern Austria and especially Vienna were ahead in the development of bed nights in the summer season of 2014.