Bulgaria’s Q2 Labour Costs Rise 4.8% Y/Y

Bulgaria’s Q2 Labour Costs Rise 4.8% Y/Y

Total hourly labour costs in Bulgaria rose by 4.8% on the year in the second quarter of 2012, preliminary data from the country's statistics office showed.

In the second quarter of the year, total hourly labour cost grew by an annual 2.5% in the industry and by 8.9% in the services, the National Statistics Institute said in a statement on Monday. In construction hourly labour costs decreased by 2.1%.

The highest annual growth was registered in wholesale and retail trade, by 16.3%. The smallest annual increase, by 0.5%, was recorded in the public administration.

In the structure of total labour costs, expenditures for wages and salaries per hour grew by 5.9% compared with a year earlier, while non-wage costs edged up by only 0.2% on the year.

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