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Decline in Vienna's retail trade turnover last year

There was a decline of 0.6 per cent year on year to 9.5 billion Euros in 2009 in Vienna�s retail-trade sector, KMU Forschung Austria reported today (Fri).

There had been an increase of 1.3 per cent in 2008.

KMU Forschung said the 680 Vienna businesses it had surveyed had cited the foodstuffs and clothing sectors as struggling last year. The decline of 3.8 per cent year on year in overnights in city accommodation establishments also contributed to the overall negative result, it added.

KMU Forschung also noted that 2009 had been the first year since 2004 in which turnover had declined in the retail-trade sector.

Things would have been even worse, the Vienna Economy Chamber (WKW) said, if there had not been a three per cent increase in turnover year on year during the Christmas shopping season in 2009.

There were 55,000 people employed in the Vienna retail trade last year, or 0.7 per cent more than in the previous year, compared to no increase in Austria as a whole.

Austrian Times

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