Hourly labour costs rise in Cyprus by 2.4% and by 2.2% in the Euroarea during Q2 2018

Hourly labour costs rose by 2.2% in the euro area (EA19), by 2.6% in the EU28 and by 2.4% in Cyprus in the second quarter of 2018, compared with the same quarter of the previous year.

In the first quarter of 2018, hourly labour costs increased by 2.1%, 2.8% 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, the cost of wages & salaries per hour worked grew by 1.9% and the non-wage component by 2.9% in the...


This article was automatically added to our system 14-9-2018

Hourly labour costs rise in Cyprus by 2.4% and by 2.2% in the Euroarea during Q2 2018


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