Labor Cost

The quarterly Labor Cost, released by Eurostat, shows the short-term development of the total hourly costs incurred by the employers of maintaining their employees. It measures the cost pressure arising from the production factor 'labor'.

Most recent - Tuesday 19 March 2024 10:00

Previous
5.3%
Revised
5.2%
Forecast
-
Actual
3.4%

Next event - Friday 14 June 2024 09:00

Previous
3.4%
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for Labor Cost yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Labor Cost was 3.4%.

Past events

Date
Forecast
Actual
Tuesday 19 March 2024 10:00
-
3.4%
Friday 15 December 2023 10:00
-
5.3%
Friday 15 September 2023 09:00
-
4.5%
Friday 16 June 2023 09:00
3.3%
5%
Friday 17 March 2023 10:00
3%
5.7%
Monday 19 December 2022 10:00
3%
2.9%
Thursday 15 September 2022 09:00
1.4%
4%
Thursday 16 June 2022 09:00
-
3.2%
Friday 18 March 2022 10:00
1.3%
1.9%
Thursday 16 December 2021 10:00
-
2.5%
Wednesday 15 September 2021 09:00
-
-0.1%
Wednesday 16 June 2021 09:00
3.3%
1.5%

Economic context

Recent economic data has been strongly bullish for EUR. Other recent announcements which may affect the market's interpretation of the next Labor Cost result:

PreviousLatest
GfK Consumer Confidence SurveyBullish change-27.3-24.2
IFO – Business ClimateBullish change87.989.4
IFO – Current AssessmentBullish change88.188.9
IFO – ExpectationsBullish change87.789.9
HCOB Composite PMIBullish change50.351.4
HCOB Manufacturing PMIBearish change46.145.6
HCOB Services PMIBullish change51.552.9
HCOB Composite PMIBullish change47.750.5
HCOB Manufacturing PMIBullish change41.942.2
HCOB Services PMIBullish change50.153.3
HCOB Composite PMIBullish change48.349.9
HCOB Manufacturing PMIBearish change46.244.9
HCOB Services PMIBullish change48.350.5
Consumer ConfidenceBullish change-14.9-14.7
Producer Price Index (MoM)Bullish change-0.4%0.2%
Producer Price Index (YoY)Bullish change-4.1%-2.9%
Core Harmonized Index of Consumer Prices (MoM)(no change)1.1%1.1%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.9%2.9%
Harmonized Index of Consumer Prices (MoM)(no change)0.8%0.8%
ZEW Survey – Current SituationBullish change-80.5-79.2
ZEW Survey – Economic SentimentBullish change31.742.9
ZEW Survey – Economic SentimentBullish change33.543.9
Consumer Price Index (EU Norm) (YoY)Bearish change1.3%1.2%
Consumer Price Index (YoY)Bearish change1.3%1.2%
Industrial Production s.a. (MoM)Bullish change-3%0.8%

About Labor Cost

Country:Eurozone
Currency:EUR
Source:Eurostat
Category:Labor Market
Frequency:Quarterly

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