The index of wholesale prices (WPI 2015) amounted to 99.4 (preliminary value) in May 2020, and thus decreased by 7.9% against May 2019. Compared to April 2020, wholesale prices fell by 0.7%.
In the first quarter of 2020, the turnover of Austrian service enterprises decreased by 5.5% compared to the same quarter of the previous year. The main reason for this decline is the shutdown of a large part of the enterprises as part of the measures to contain the corona pandemic.
The measures and restrictions due to the corona pandemic and the gradual loosening show clear effects on the Austrian labour market for the months of March and April 2020, which partly differ from sector to sector. 380 000 cases of dependent employment ended in this period, and in 230 000 cases a new employment was taken up. With 4 079 000 persons in employment according to the international definition, the number of employed persons in April was 80 000 lower than in March 2020 and 164 000 lower than in April 2019.
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