Press release: 12.454-045/21

Turnover in industry and construction increased by 3.5% in November 2020; but 7.7% decline in turnover from January to November 2020, turnover decrease also expected for January 2021

Vienna, 2021-03-01 – A total of 66 520 enterprises in the entire industry and construction sector (+0.6% compared to the previous year) turned over €255.7 bn (-7.7%) from January to November 2020, according to calculations by Statistics Austria. The working-day adjusted turnover for industry and construction decreased by 7.8%. These figures coupled with a slightly decreasing employment (998 194 persons, -0.5%). In November 2020 turnover increased by 3.5% compared to the same month of the previous year (working-day adjusted: +1.8%).

"Despite a 3.5% increase in turnover in November 2020, Austrian producers are still feeling the effects of the Corona pandemic: Low turnover in machinery and automotive manufacturing, in the metal industry and in the energy sector led to a 7.7% decrease in the period from January to November 2020. According to an flash estimate, the turnover index for the industry and construction sector also declined by 7.3% at the beginning of 2021 compared with January 2020", says Statistics Austria Director General Tobias Thomas.

At establishment level (67 084 establishments, +0.6%), sold production decreased by 8.1% (working-day adjusted: -8.2%) in comparison to previous year's level and amounted to €251.7 bn in nominal terms (employing 997 926 persons, -0.4%). With €204.7 bn in nominal terms, industrial production sold fell by 9.2% compared to the previous year. Compared to the same month last year (November 2019), sold production increased by 3.1% (working-day adjusted: +1.3%) in industry and construction.

The 36 764 Austrian construction establishments (+1.0%) achieved a production sold of €47.0 bn in the reporting period January to November 2020. This corresponds to a decrease of 3.1% in nominal terms (working-day adjusted: -3.2%) compared to the previous year. In November 2020 production sold rose by 4.7% (working-day adjusted: +3.0%).

At the end of November 2020, Austrian construction companies (not including construction auxiliary trades) had orders booked totalling about €15.9 bn (+4.4% year-over-year).

The flash estimates for industry and construction (ÖNACE B to F) for January 2021 show a decrease in the turnover index (-7.3%), a moderate decrease of the index of persons employed (-1.9%) and a decrease of the index of hours worked (-7.5%) compared to the same month of the previous year.

If the industrial and the construction sector are considered separately, the turnover index shows a decrease in industry (-7.3 %) as well as in construction (-7.5%). The index of hours worked declined in industry (-7.4%) as well as in construction (-7.4%). The index of index of persons employed shows a slight decline in industry (-1.9%), construction also shows a negative development (-1.5%).

For more detailed information please refer to the German version or our German website.