Press release: 12.757-055/22

Austria's service and retail trade enterprises with turnover increase in 2021

Vienna, 2022-03-04 – In 2021, turnover of Austrian service enterprises increased by 4.8% year-on-year in nominal terms, according to Statistics Austria. Compared with 2020, the turnover of retail trade grew by 11.2% in nominal terms and by 4.6% in real terms.

When making comparisons with the prior-year period, it should be noted that a large proportion of enterprises were affected to varying degrees by closures and other restrictions due to the measures taken against the Corona pandemic in 2020 and 2021.

Austrian service enterprises posted an increase in turnover, benefiting in particular from other economic services with +12.0% and transport with +7.7%. The accommodation and restaurant sector suffered heavy losses of 8.5% compared with the previous year.

The retail sector also turned over more in 2021 than in the previous year (+11.2% in nominal terms and +4.6% in real terms). Retail was faced with an increase in turnover of 5.1%, which corresponds to a 3.0% increase after price adjustments. While food retailing posted a 1.7% increase in sales volume, there was a small gain of 0.5% in sales (real, price-adjusted). Retailing away from basic consumer goods rose by 6.4% year-on-year, corresponding to a 4.7% increase in sales in real terms (adjusted for prices).

These results were calculated by Statistics Austria, Short Term Statistics Services.

For more detailed information please refer to the German version.