[Show abstract][Hide abstract] ABSTRACT: With demand for investment once again on the rise and foreign trade (in goods) briskly growing across much of 2011, the Länder with a large share of industrial production were favoured over those more focused on services. Upper Austria and Styria again vied for first place in economic growth, followed by Vorarlberg and Lower Austria. In 2011, the regional pattern of business growth was much more strongly shaped by differences in sectoral dynamics than by regional growth differences within sectors, with manufacturing furnishing the largest contribution to regional growth in all of the Länder. Stumbling export growth rates in mid-year narrowed down what were originally considerable regional growth differences yet did not endanger the top positions of the industrial Länder in a year-long review.
[Show abstract][Hide abstract] ABSTRACT: In 2009 business in the Austrian Länder suffered a serious shakedown as a consequence of the economic crisis, which primarily hit the manufacturing sector. Länder that have a high share of manufacturing businesses and which acted as growth drivers during boom times found their gross value added shrinking more rapidly than the less industrialised Länder.
[Show abstract][Hide abstract] ABSTRACT: With exports and manufacturing gearing up again in Austria, regional differences in growth rates as they had prevailed before the crisis showed up again in 2010. Fuelled by good export rates and considering their lower level to start with Styria and Upper Austria, which had been gravely affected by the crisis, are expected (in WIFO estimates) to achieve the highest growth in real gross value added (+3.4 percent each). At +2.7 percent, Vorarlberg, too, reported above-average growth.