Forecast: Employment in Manufacture of Structural Metal Products Sector in Austria

The employment in the manufacture of structural metal products sector in Austria stood at 21,000 Full-Time Equivalents (FTE) in 2023. Over the past decade, the employment figures for this sector have shown fluctuations but demonstrated a relatively stable trend. The employment rate mildly declined from 21.59 thousand FTE in 2013 to 21.00 thousand FTE by 2023, showing a Compound Annual Growth Rate (CAGR) of approximately -0.29% over this period. In recent years, from 2021 to 2023, the employment figures have decreased moderately by around 0.19% each year.

Future trends to watch for:

• The sector is anticipated to continue this slight downward trend, with employment expected to reduce to 20.8 thousand FTE by 2028.
• The forecasted 5-year CAGR stands at -0.15%, indicating a marginal but steady decrease in employment.
• Market dynamics, automation, and broader economic conditions will be key factors influencing employment trends in this sector.