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 - Monday 17 June 2024 09:00

Previous
3.4%
Revised
-
Forecast
4.9%
Actual
5.1%

Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Trading range

Forecast history

The most recent announced value for Labor Cost was 5.1% against a forecast of 4.9%.

Past events

Date
Forecast
Actual
Monday 17 June 2024 09:00
4.9%
5.1%
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%

Economic context

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

PreviousLatest
Producer Price Index (MoM)Bullish change0%0.2%
Producer Price Index (YoY)Bullish change-2.2%-1.6%
Core Harmonized Index of Consumer Prices (MoM)Bullish change0.3%0.4%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.9%2.9%
Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
ZEW Survey – Current SituationBullish change-73.8-68.9
ZEW Survey – Economic SentimentBearish change47.541.8
ZEW Survey – Economic SentimentBearish change51.343.7
Consumer Price Index (EU Norm) (YoY)(no change)0.9%0.9%
Consumer Price Index (YoY)(no change)0.8%0.8%
Industrial Production s.a. (MoM)Bearish change0%-0.6%
Harmonized Index of Consumer Prices (YoY)Bullish change3.5%3.6%
Consumer Price Index (EU norm) (YoY)(no change)2.5%2.5%
Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Harmonized Index of Consumer Prices (YoY)(no change)2.5%2.5%
Sentix Investor ConfidenceBearish change0.3-7.3
Trade Balance s.a.Bullish change€22.2B€24.9B

About Labor Cost

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