Euro zone labour costs rise at fastest pace in six years

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Euro zone labour costs rise at fastest pace in...
 © In-Cyprus 2018
Euro zone labour costs rose at their steepest rate in almost six years in the second quarter of 2018, data released on Friday showed, supporting the European Central Bank as it curbs economic stimulus.

Labour costs in the 19 countries sharing the euro zone rose by 2.2 percent year-on-year, EU statistics agency Eurostat said, up from 2.1 percent in the first quarter.

The increase was the highest rate since the third quarter of 2012.

The ECB is on track to end bond purchases this year and raise interest rates next autumn with inflation rebounding and growth leveling...


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

Euro zone labour costs rise at fastest pace in six years


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