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Germany - Labour costs rise +4.4% y-o-y in Q2 2011

08 September 2011

Compared with the first quarter of 2011, a seasonally and calendar adjusted increase of +1.4 % was recorded for labour costs per hour worked in Germany in the second quarter of 2011. This is the third-highest rise in the labour cost index time series, which goes back to 1997, according to the Federal Statistical Office (Destatis).

The costs of gross wages and salaries rose by +1.7 %, while non-wage costs were up +0.5 %. Compared with the second quarter of 2010, labour costs increased a calendar-adjusted +4.4 % in the second quarter of 2011.
The marked increase in labour costs is due to high pay settlements, an increase number of extra payments and a further reduction of short-time work. The increase of non-wage costs in the second quarter of 2011 on the previous quarter was smaller than that of gross wages and salaries. This is due to a smaller number of days of sick leave, which led to lower costs of continued pay in case of sickness.

To read the full statistics, in German language, please click here


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