Press release: 12.775-073/22

Turnover in industry and construction in February 2022 rose by 40.3% compared to February 2021 and by 42.1% compared to February 2019

Vienna, 2022-03-30 – The flash estimates for industry and construction (ÖNACE B to F) by Statistics Austria for February 2022 show an increase of the turnover index (+40.3%), a moderate increase of the index of persons employed (+0.8%) and as well of the index of hours worked (+0.3%) compared to the same month of the previous year.

"Industry and construction in Austria picked up speed again at the beginning of the year: In February 2022, turnover was 42.1% higher than in the pre-crisis month of February 2019, this was also partly due to price increases. The outbreak of the war in Ukraine on 24 February, on the other hand, had hardly any impact on the February results," says Statistics Austria Director General Tobias Thomas.

Considering the industrial and the construction sector separately, the turnover index shows an increase in industry (+44.5%) and a positive development in construction (+8.1%) compared to the same month of the previous year. The index of hours worked decreased in industry (-0.4%), in construction there was as slight increase (+2.6%). The index of persons employed shows a slight rise in industry (+1.1%) and a small positive development in construction (+0.1%).

In the reporting period December 2021, a total of 82 305 enterprises in the entire industry and construction sector turned over €36.2 bn (+37.5%). These figures coupled with an increasing employment (978 897 persons, +2.4%). With €29.7 bn in nominal terms, industrial turnover increased by 43.3% in December 2021 compared to the previous year's month. The 43 315 Austrian construction enterprises achieved a turnover of €6.5 bn in December 2021. This corresponds to an increase of 15.9% in nominal terms compared to the period of the previous year.

In the entire reporting year 2021, turnover increased by 24.6% compared to the previous year and amounted to €350.9 bn.

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