Strong Increase in Hourly Labor Costs in Hungary and Romania

Business › Economy ♦ Published: September 17, 2012; 17:32 ♦ (Vindobona)

Second quarter 2012 compared with second quarter 2011: Euro area hourly labour costs rose by 1.6% and by 1.8% in EU27.

Strong Increase in Hourly Labor Costs in Hungary and Romania / Picture: © Vindobona.org

Hourly labour costs1 in the euro area (EA17) rose by 1.6% in the year up to the second quarter of 2012, compared with 1.5% for the first quarter of 2012. In the EU27, the annual rise was 1.8% up to the second quarter of 2012, compared with 1.4% for the previous quarter.

The two main components of labour costs are wages & salaries and non-wage…

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