EU: labor cost increase is slowing down

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16 September 2008 à 14h49

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Publication: 16 September 2008 à 14h49

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According to recent data published by the European statistics office, Eurostat, total hourly labor cost is decreasing, both in the Euro area and in the EU27, in the second quarter of 2008. During this period, the lowest annual increase was registered in Germany (+0.7%). (Ref. 080692)
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16 September 2008 à 14h49

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Publication: 16 September 2008 à 14h49

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In the Euro area, compared with 3.5% for the previous quarter. In the EU27, the annual rise was 3.4% up to the second quarter of 2008, compared with 4.4% for the previous quarter.

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