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Higher hourly labour cost in Romania in Q3 2018

In Quarter 3 2018 the adjusted hourly labour cost (working days adjusted) registered an increase rate of 1.53% by comparison with the previous quarter and of 13.91% by comparison with the same quarter of the previous year, says the National Institute of Statistics (INS).

Compared to Quarter 2 2018, the most significant increase of the hourly labour cost (working days adjusted) was registered in education (29.29%), determined by the school holidays and working time reduction.

At a considerable distance, increases of the hourly labour cost (working days adjusted) were registered in: public administration (3.18%), arts, entertainment and recreation (2.57%), manufacturing (1.14%), water supply; sewerage, waste management and remediation activities (1.03%), human health and social work activities (0.04%).

The most important decreases of the hourly labour cost (working days adjusted) were found in: financial and insurance activities (-10.90%), real estate activities (-6.23%), construction (-3.49%), wholesale and retail trade (-3.28%).

As against the previous quarter, the increase of the direct costs) component (wages and salaries) was 1.52%, while the component of the other costs) (non-wages costs) was 1.77%.

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

The highest increases of the hourly labour cost (working days adjusted) were found in human health and social work activities (32.64%), respectively education (26.56%), as an effect of the application of legal basis4) on the remuneration of the personnel paid from public funds. These activities were followed by those of information and communication (15.70%), respectively construction (14.62%).

The lowest increases of the hourly labour cost (working days adjusted) were registered in financial and insurance activities (7.65%), arts, entertainment and recreation (6.32%), respectively in mining and quarrying (3.04%).

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