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Official statistics: Q3 hourly labour cost up 13.91 pct YoY

statistici

The hourly labour cost was 13.91 pct higher in Q3 2018 compared to the similar period of 2017, while the advance from the previous quarter as workday-adjusted terms was 1.53 pct, the National Institute of Statistics (INS) said in a Tuesday release.

The most modest YoY rises in workday-adjusted terms were recorded in financial intermediation and insurance (7.65 pct), the show business, cultural and recreational activities (6.32 pct), and the mining industry (3.04 pct).

The most significant quarterly decrease in the hourly labor cost (workday-adjusted terms) was in financial intermediation and insurance (-10.90 pct), real estate transactions (-6.23 pct), constructions (-3.49 pct), trade (-3.28 pct).

The quarterly increase in the direct labor (wage) expenditures was of 1.52 pct, and the indirect costs component (non-wage) was of 1.77 pct.

AGERPRES .

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