Eurostat: Labor costs up by 3.8% in Q4

Nominal hourly labor costs in Poland grew by 3.8 percent year-on-year in the fourth quarter of 2015, the EU’s statistics office Eurostat said in a data release on Friday. Wages grew by 3 percent and non-wage costs grew by 3.3 percent. The biggest hike in the labor costs was noted in services - by 6.2 percent. Throughout the EU, nominal hourly labor costs grew by 1.9 percent y/y in Q4 2015.