Romania, among EU countries with highest labour cost increases. In Industry, the increase was 10%.

hala uti, muncitori Sursa foto: UTI, Facebook

Hourly labour costs rose by 0.6% in the EU and fell by 0.1% in the euro area in the second quarter of 2021 compared to the same period in 2020, data published Wednesday by the European Statistical Office (Eurostat) and cited by Agerpres show.

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Hourly labour costs include wage costs and non-wage costs such as social contributions paid by employers. In Romania, wage costs recorded an annual increase of 6.8% in the second quarter of 2021, while non-wage costs recorded an annual increase of 4.8%.

In the first quarter of 2021, hourly labour costs increased by 1.6% in the EU and by 1.3% in the euro area

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Between April and June 2021, the most significant annual increase was reported in Cyprus (14.3%), Poland (7.9%), Bulgaria and Romania (both 6.7%), and the most significant decline in Italy (minus 4%), Spain (minus 3.7%) and Portugal (minus 3.3%).

In the second quarter of 2021, the advance in labour costs in Romania is due to a 9.7% increase in hourly labour costs in business, while there was a 0.4% decline in non-business. By sector of the economy, hourly labour costs in Romania increased by 10.7% in industry, 9.5% in services and 7.2% in construction.