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 - Friday 15 December 2023 10:00

Previous
4.5%
Revised
-
Forecast
-
Actual
5.3%

Trading range

Forecast history

The most recent announced value for Labor Cost was 5.3%.

Past events

Date
Forecast
Actual
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%
Thursday 18 March 2021 10:00
-
3%

Economic context

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

PreviousLatest
IFO – Business ClimateBullish change85.285.5
IFO – Current Assessment(no change)86.986.9
IFO – ExpectationsBullish change83.584.1
Gross Domestic Product (YoY)(no change)-0.2%-0.2%
Gross Domestic Product (QoQ)(no change)-0.3%-0.3%
Gross Domestic Product w.d.a (YoY)(no change)-0.4%-0.4%
Core Harmonized Index of Consumer Prices (YoY)(no change)3.3%3.3%
Core Harmonized Index of Consumer Prices (MoM)(no change)-0.9%-0.9%
Harmonized Index of Consumer Prices (MoM)(no change)-0.4%-0.4%
HCOB Services PMIBullish change48.450
HCOB Manufacturing PMIBearish change46.646.1
HCOB Composite PMIBullish change47.948.9
Consumer Price Index (EU Norm) (YoY)(no change)0.9%0.9%
Consumer Price Index (YoY)(no change)0.8%0.8%
HCOB Services PMIBullish change47.748.2
HCOB Manufacturing PMIBearish change45.542.3
HCOB Composite PMIBearish change4746.1
HCOB Manufacturing PMIBullish change43.146.8
HCOB Services PMIBullish change45.448
HCOB Composite PMIBullish change44.647.7
Consumer ConfidenceBullish change-16.1-15.5
Consumer Price Index (EU norm) (YoY)(no change)3.4%3.4%
Harmonized Index of Consumer Prices (YoY)(no change)3.5%3.5%
Gross Domestic Product s.a. (QoQ)(no change)0%0%
Gross Domestic Product s.a. (YoY)(no change)0.1%0.1%
Employment Change (QoQ)Bullish change0.2%0.3%
Industrial Production s.a. (MoM)Bullish change0.4%2.6%
ZEW Survey – Economic SentimentBullish change22.725
ZEW Survey – Current SituationBearish change-77.3-81.7
ZEW Survey – Economic SentimentBullish change15.219.9

About Labor Cost

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

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