Eurostat: Labor costs up by 3.3% in Q1

Nominal hourly labor costs in Poland grew by 3.3 percent year-on-year in the first quarter of 2016, the EU’s statistics office Eurostat said in a data release on Friday. Wages grew by 3.3 percent and non-wage costs also rose by 3.3 percent. Throughout the EU, nominal hourly labor costs grew by 1.7 percent y/y in Q1 2016. In the euro area, labor costs also increase by 1.7 percent.