News Archive Publications 11 DECEMBER 2007

Total labour costs increased by 0.4% in the economic activity of Manufacturing (D) in the 3rd quarter of 2007 compared  to the previous quarter. During the same period the index for total labour costs decreased by 1.9% in the economic activity of Construction (F) and by 0.7% in Transport, storage and communication (I) and Wholesale and retail trade; repair (G).

Total labour costs, excluding bonuses, increased by 0.6% in the economic activity of Transport, storage and communication (I) and 1.5% in Manufacturing (D) compared with the previous quarter. Total labour costs, excluding bonuses, decreases by 0.2% in the economic activity of Wholesale and retail trade; repair (G) and 1.3% in Construction (F). The index of total labour costs excluding bonuses does not include payments which are not paid in each pay period.

Annual increases in total labour costs range from 5.4% in Transport, storage and communication (I) to 7.9% in Manufacturing (D).

The labour costs 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.

Change from previous year , %
3nd quarter 2007 Labour costs Total labour
 other than  costs
Total Wages and  wages and excluding
  labour costs salaries  salaries  bonuses
Manufacturing (D) 7.9 7.6 9.4 8.3
Construction (F) 5.7 5.3 7.6 6.0
Wholesale and retail trade (G) 7.1 7.1 7.3 6.9
Transp., storage and comm. (I) 5.4 5.3 6.3 6.0

Statistics

Further Information

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

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