Total Labor Costs per Hour in Bulgaria Up 2.8% Y/Y in Q3, 2013

Business | December 20, 2013, Friday // 13:46
Bulgaria: Total Labor Costs per Hour in Bulgaria Up 2.8% Y/Y in Q3, 2013 Photo by EPA/BGNES

According to preliminary data of Bulgaria's National Statistical Institute (NSI) for the third quarter of 2013, total labor costs per hour grew by 2.8% from the third quarter of 2012.

Total hourly labor costs grew by 3.6% in industry, by 0.9% in the services sector and by 4.3% in construction.

According to the breakdown by economic activities, the highest year-on-year increases in TOTAL labor costs in Q3, 2013 were registered in the sectors of education (6.8%), public administration and defense (5.9%) and human health and social work activities (5.2%).

The biggest decreases in total labor costs were registered in the spheres of arts entertainment and recreation (7.8%), and other activities (3.4%).

In Q3, 2013, the share of salary costs per hour of the total labor costs grew by 2.6% on the year, while other (non-wage) costs went up by 3.7%.

Depending on the economic activities, the salary costs component changed differently in the course of one year, starting from -8.8% in the sphere of arts, entertainment and recreation to 7.1% in the sphere of education.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: labor costs, National Statistical Institute (NSI)

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria