The employment in the manufacture of machinery for the metallurgy sector in Austria has shown significant fluctuations over the past decade, starting from 2.24 thousand FTEs in 2013, dipping to a low of 1.97 thousand FTEs in 2018 and 2020, then rebounding to 2.22 thousand FTEs in 2023. From 2021 onwards, there's been a notable positive shift in employment figures. The year-on-year growth rate has been positive in recent years, with a 3.35% increase in 2023. The five-year CAGR from 2019 to 2023 stands at 2.48%, suggesting a gradual recovery and a stable upward trend. Forecasted data indicates continued growth, reaching 2.57 thousand FTEs by 2028, with a projected five-year CAGR of 2.32%.
Future trends to watch for include technological advancements in machinery manufacturing, evolving market demands, and potential shifts in global supply chains which could further impact employment levels. Additionally, any changes in international trade policies or significant investments in the metallurgy sector could also play a crucial role in shaping future employment trends.
