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HomeEmploymentAnnual growth of labour costs slowed down in the second quarter
Eurostat

Annual growth of labour costs slowed down in the second quarter

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In the EU27, the annual rise was also 0.9% up to the second quarter of 2013, compared with +2.0% in the previous quarter. These figures are published by Eurostat, the statistical office of the European Union.

The two main components of labour costs are wages & salaries and non-wage costs. In the euro area, wages & salaries per hour worked grew by 1.1% and the non-wage component by 0.1% in the year up to the second quarterof 2013, compared with +1.8% and +1.4% respectively for the previous quarter. In the EU27, hourly wages & salaries rose by 1.0% and the non-wage component by 0.3% in the year up to the second quarter of 2013,compared with +2.0% for both components for the first quarter of 2013.

Among the Member States for which data are available for the second quarter of 2013, the highest annual increases in hourly labour costs for the whole economy were registered in Estonia (+7.7%), Lithuania (+6.5%) and Romania (+6.0%). Decreases were recorded in Slovenia (-5.9%), Cyprus (-4.6%), Croatia (-0.6%) and Spain (-0.3%).

 

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