European Union Hourly Labour Costs, 3Q 2017, Eurostat

Page created: Tuesday, 19 December 2017 12:17GMT

Presentation:  19 December 2017 - 5 Page(s)
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Hourly labour costs rose by 1.6% in the euro area (EA19) and by 2.1% in the EU28 in the third quarter of 2017,
compared with the same quarter of the previous year. In the second quarter of 2017, hourly labour costs increased
by 1.8% and 2.3% respectively. 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 1.6% and the non-wage component by 1.5%, in the third quarter of 2017
compared with the same quarter of the previous year. In the second quarter of 2017, the annual changes were
+2.1% and +0.8% respectively. In the EU28, hourly wages & salaries rose by 2.1% and the non-wage component
by 2.3% in the third quarter of 2017. In the second quarter of 2017, annual changes were +2.5% and +1.8%
respectively.

In the third quarter of 2017, the highest annual increases in hourly labour costs for the whole economy were
registered in Romania (+16.5%), Hungary (+12.6%) and Bulgaria (+10.7%). A decrease was recorded in Finland
(-3.0%) and Portugal (-1.1%).



Original title:  Annual growth in labour costs at 1.6% in euro area

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