Labour Cost Index, Q1 2018, Eurostat

Page created: Tuesday, 15 May 2018 17:07GMT

Press Release:  15 May 2018 - 7 Page(s)
Euro Area  European Union  hourly labour costs

The Labour Cost Index (LCI) working days adjusted decreased by 1.5% in the 1st quarter of 2018, compared with the same period in 2017. In the previous quarter, it was recorded a year-on-year increase of 3.8%.
The two main labour cost components – wage costs and other costs (both per hour actually worked) – decreased by 1.5% and 1.4%, respectively, compared do the same period of the previous year.
The LCI year-on-year rate of change was also explained by the decrease of 1.0% in the average cost per employee and the increase of 0.3% in the number of hours actually worked per employee.

Original title:  The Labour Cost Index decreased by 1.5% when compared to the same quarter in 2017 - 1st Quarter 2018