News Archive Publications 13 SEPTEMBER 2012

Total labour costs increased between the quarters in the economic activity of Transport, storage and communication by 0.3%, 0.6% in Construction and 1.7% in Wholesale and retail trade; repair. During the same period the total labour costs remained unchanged in the economic activity of Manufacturing.

Total labour costs excluding bonuses increased between quarters by 0.2% in Construction. During the same period the total labour costs excluding bonuses decreased by 0.3% in Wholesale and retail trade; repair, by 0.5% in Transport, storage and communication and by 0.8% in Manufacturing.

From the previous year total labour costs rose in all economic activities. The increase ranged from 1.6% in Construction to 5.0% in Transport, storage and communication and Manufacturing. During the same period total labour costs excluding bonuses rose from 6.5% in Wholesale and retail trade; repair to 10.3% in Manufacturing.

The labour cost index measures, on a quarterly basis, the development of labour costs per hour worked. The index is not adjusted to changes in working hours or labour structure.

Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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