Eurostat: Labor costs up 2.5% in Q2

Nominal hourly labor costs in Poland grew by 2.5 percent year-on-year in the second quarter of 2016, the EU’s statistics office Eurostat said in a data release on Friday. Wages grew by 2.5 percent and non-wage costs grew by 2.7 percent. The biggest hike in labor costs was noted in construction sector - by 6.7 percent. Throughout the EU, nominal hourly labor costs grew by 1.4 percent y/y in Q2 2016. In the euro area, labor costs increased by 1 percent.