The German statistical office Destatis released its labour costs data for the fourth quarter on Thursday. Labour costs per hour worked rose 0.5% in the fourth quarter on a seasonally and calendar adjusted basis, after a 0.1% increase in the third quarter.
On a yearly basis, labour costs per hour worked increased 2.1% in the fourth quarter on a calendar adjusted basis, after a 2.4% gain in the third quarter.
The costs of gross earnings climbed a calendar adjusted 1.6% year-on-year in the fourth quarter, while non-wage costs were up 3.7%.
In 2015 as whole, labour costs per hour worked climbed 2.6%, after a 1.9% growth in 2014.
The post Germany’s labour costs per hour worked rise 0.5% in the fourth quarter appeared first on forex-analytics.press.