News Archive Publications 14 MARCH 2013

Total labour costs per hour increased between the 3rd and 4th quarters 2012 by 11.9% in Transport, storage and communication, by 8.5% in Wholesale and retail trade; repair, by 7.4% in Manufacturing and by 5.0% in Construction.

Total labour costs excluding bonuses increased between quarters by 4.4% in Wholesale and retail trade; repair, by 3.8% in Transport, storage and communication, by 2.0% in Construction and by 1.7% in Manufacturing.

From the previous year, total labour costs rose in all economic activities. The increase ranged from 2.8% in Wholesale and retail trade; repair to 4.5% in Construction. During the same period total labour costs excluding bonuses rose from 4.2% in Construction to 5.7% in Manufacturing.

 

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

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