POST Online Media Lite Edition



 

Eurozone labor cost growth eases in Q2

Staff Writer |
Eurozone hourly labor cost grew at a slower pace in the second quarter, Eurostat reported.

Article continues below






Hourly labor costs increased 1 percent year-on-year, slower than the 1.6 percent growth registered a quarter ago.

The two main components of labor costs were wages and salaries and non-wage costs. Wages and salaries per hour rose 0.9 percent and the non-wage climbed 1.4 percent.

Hourly labor costs climbed 0.9 percent in industry and 1.5 percent in construction, and 0.9 percent in services.

In the EU28, labor cost growth eased to 1.4 percent from 1.6 percent. The highest annual increases in hourly labor costs for the whole economy were registered in Romania, Latvia and Bulgaria.


What to read next

Spain's labor cost remains flat in Q1
Eurozone economy forecast to grow modestly
Markit's flash eurozone PMI hits 16-month low