Bulgaria's hourly labour costs up 10% y/y in Q4

Bulgaria's hourly labour costs up 10% y/y in Q4

Hourly labour costs in Bulgaria in the last quarter of 2020 increased by 10% on an annual comparison basis, the National Statistical Institute (NSI) said on Monday, citing preliminary data.

Salary costs rose by an annual 10% in the October-December period, while other labour costs increased 10.1% on the year, the NSI said in a statement.

Hourly labour costs rose the most in services - by 8.2%. The construction segment showed a growth of 6%, while hourly labour costs in the industry sector added 4.6%.

In terms of economic activities, the highest annual growth rate in the fourth quarter, of 25.6%, was recorded in the education sector.


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