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Official statistics: Q1 hourly labor cost up 10.2 pct YoY

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The hourly labor cost was 2.33 percent higher in Q1 2020 than in the previous quarter in workday-adjusted terms, and 10.2 percent more compared to the same quarter of 2019, shows data released on Thursday by the of Statistics (INS).

The workday-adjusted hourly labor cost decreased in most economic activities compared to the previous quarter, with the most significant decline registered in the production and supply of electricity and heat, gas, hot water and air conditioning (-6.98 pct), the mining industry (-3.44 pct), real estate transactions (-3.25 pct).

In…

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