News Archive Publications 13 DECEMBER 2011

Total labour costs per hour decreased between the 2nd and 3rd quarter 2011 by 2.1% in the economic activity of Manufacturing, 2.4% in Transport, storage and communication, 5% in Construction and by 6.5% in Wholesale and retail trade; repair.

Total labour costs excluding bonuses increased between quarters by 5.5% in Manufacturing, by 0.5% in Transport, storage and communication and by 0.2% in Construction and Wholesale and retail trade; repair.

Annual total labour costs increased in all economic activities. The increase ranged from 5.3% in Manufacturing to 8.3% in Transport, storage and communication. From the same quarter of previous year, total labour costs excluding bonuses rose from 5.1% in Wholesale and retail trade; repair to 7.6% in Construction.


 

The labour cost index measures, on a quarterly basis, the development of labour costs per paid hour. 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

Share


Use of this press release is free. Please quote the source.