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Hourly labour costs in Germany have risen a seasonally adjusted +3.3% in the third quarter 2012 from a year ago, the country’s statistics office reports today. Costs of gross earnings and salaries have also increased over the course of the year by +3.4%.
Non-wage costs, which include employers’ social contributions and certain employment taxes, have gone up by +3% year-on-year.
In industry, the rise in labour costs was above average and amounted to +4.6% in the third quarter on the previous year.
Other employment sectors were also impacted by the growing labour costs. In mining, this figure was up +9.6%, followed by manufacturing (+4.8%) and electricity, gas, steam and air conditioning supply at +3.9%. The construction sector posted a +3.8% rise in labour costs during the quarter.
The surge was due to a number of developments, including high pay settlements causing gross earnings and non-wage costs to go up. Additionally, the number of hours worked was down due to a decline in both paid overtime and regular working hours.
The EU last recorded an average rise in labour costs during the second quarter of +1.8%. Back then, labour costs were generally lower in the Eurozone.