Hourly labour costs rose by 2.6% in the euroarea and by 6.1% in Cyprus during Q3 2019

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Hourly labour costs rose by 2.6% in the euro area (EA19), by 3.1% in the EU28 and by 6.1% in Cyprus in the third quarter of 2019, compared with the same quarter of the previous year. In the second quarter of 2019, hourly labour costs increased by 2.8%, 3.2% and 6.1% respectively, according to data 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 …

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