Forecast: Employment in Manufacture of Basic Iron and Steel Sector in Austria

The employment in the Manufacture of Basic Iron and Steel sector in Austria has seen significant fluctuations over the past decade. Starting in 2013, the sector had a workforce of approximately 20,310 full-time equivalents (FTEs). From 2013 to 2017, the sector experienced minor year-on-year variations, hovering around 20,000 FTEs. In 2018, there was a sharp increase of 29.57%, raising employment to 26,140 FTEs. This growing trend continued, reaching 28,690 FTEs in 2023. The compound annual growth rate (CAGR) over the last five years was 1.88%.

For future trends, projections indicate a steady increase in employment, with an expected workforce of 31,030 FTEs by 2028. The next five years are expected to see a forecasted CAGR of 1.23%, resulting in a 6.31% growth rate. Factors to watch include technological advancements, economic conditions, and policy changes that could impact employment levels within the sector.