The total hourly labour cost rose by 11% for the second quarter of 2019

Preliminary data of the National Statistical Institute (NSI) for the second quarter of 2019 indicate that the total hourly labour cost rose by 11.0% compared to the second quarter of 2018.

The total hourly labour cost grew by 9.8% in industry, by 11.1% in services and by 10.6% in construction. The breakdown by economic activities showed that the highest annual growths in total labour costs were recorded in ‘Education’ - 17.9%, ‘Real estate activities’ - 16.3% and ‘Other service activities’ - 15.0%. In the structure of the total labour costs, the wages and salaries costs per hour worked grew by 10.9% in comparison with a year earlier, while the other (non-wage) costs rose by 11.6%. Among the economic activities in the second quarter of 2019 compared to the second quarter of 2018 the growth rate of wages and salaries component ranged from 17.4% in ‘Education’ to 4.8% in ‘Professional, scientific and technical activities’.

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