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Bulgaria: Labor Hour Costs Increased 5.1 % in Q4 2012

Published: March 30, 2013; 18:58 · (Vindobona)

Preliminary data of NSI for the Fourth Quarter of 2012 indicated that the total hourly labour cost rose by 5.1% compared to the Fourth Quarter of 2011.

Bulgaria: Labor Hour Costs Increased 5.1 % in Q4 2012 / Picture: © Flickr

The total hourly labour cost grew by 2.9% in industry and by 9.1% in services. In construction the total hourly labour costs decreased by 2.4%.

The breakdown by economic activities showed that the highest annual growths in total labour costs were recorded in ‘Other service activities’ - 26.3%, ‘Wholesale and retail trade; repair of motor vehicles and motorcycles’ - 18.0%, ‘Real estate activities’ - 14.1% and ‘Accommodation and food service activities’- 13.8%. The highest decrease in total labour costs was observed in ‘Public administration and defence; compulsory social security’ by 6.6% and ‘Electricity, gas, steam and air conditioning supply’ by 3.9%.

In the structure of the total labour costs, the wages and salaries costs per hour worked grew by 5.8% in comparison with a year earlier, while the other (non-wage) costs rose by 1.7%. Among the economic activities in the Fourth Quarter of 2012 compared to the Fourth Quarter of 2011 the growth rate of wages and salaries component ranged from (-6.1%) in ‘Public administration and defence; compulsory social security’ to 29.1% in ‘Other service activities’.

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