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- Germany’s labour costs per hour worked are flat in the third quarter
Germany’s labour costs per hour worked are flat in the third quarter
The German statistical office Destatis relased its labour costs data for the third quarter on Wednesday. Labour costs per hour worked were flat in the third quarter on a seasonally and calendar adjusted basis, after a 0.6% increase in the second quarter.
On a yearly basis, labour costs per hour worked increased 2.4% in the third quarter on a calendar adjusted basis, after a 3.0% gain in the second quarter.
The costs of gross earnings climbed a calendar adjusted 2.3% year-on-year in the third quarter, while non-wage costs were up 2.5%.
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