Hourly labour cost increased by almost 15 pc in Q4 2017. What were the economic activities with highest increases?

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In the last quarter of 2017 the adjusted hourly labour cost (working days adjusted) registered an increase rate of 1.29 percent by comparison with the previous quarter and of 14.29 percent by comparison with the same quarter of the previous year, National Institute of Statistics (INS) data show.

Compared to Q3 2017, the most significant increases were recorded in mining and quarrying (14.32 percent), in real estate activities (8.80 percent) and in financial and insurance activities (7.17 percent).

At the same time, the most significant decrease of the hourly labour cost (working days adjusted) was in education (-24.10 percent), determined by the time actually worked increase (a phenomenon characteristic for the current quarter determined by the starting of the new school year).

As against the same quarter of the previous year, the hourly labour cost increased in all economic activities. 

By main activities belonging to the economic sector, the highest increases of the hourly labour cost (working days adjusted) were observed in arts, entertainment and recreation (28.73 percent), in mining and quarrying (21.56 percent) and in administrative and support service activities (16.61 percent), mainly due to the application of legal provisions in force).

The lowest increases were registered in real estate activities (6.78 percent), in professional, scientific and technical activities (6.63 percent) and in electricity, gas, steam and air conditioning supply (6.49 percent).

In the budgetary sector were registered increases of the hourly labour cost (working days adjusted) due to the application of legal basis on the remuneration of the personnel paid from public funds, thus: by 27.58 percent in public administration, by 18.56 percent in health and social assistance and by 16.81 percent in education.

 

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