NSI: Total Hourly Labor Cost in Bulgaria Rose by 8.5% for the Second Quarter of 2018

Preliminary data of the NSI for the second quarter of 2018 indicated that the total hourly labor cost rose by 8.5% compared to the second quarter of 2017.

The total hourly labor cost grew by 10.0% in industry, by 7.0% - in services, and by 10.5% - in construction.

The highest annual growths in total labor costs were recorded in "Information and communication" - 14.9%, "Administrative and support service activities" - 12.7%, and "Arts, entertainment and recreation" - 11.6%. However, a decrease of 7.5% was observed in "Real estate activities".

The wages and salaries costs per hour worked grew by 8.3% in comparison with a year earlier, while the other, non-wage costs, rose by 9.4%. In the second quarter of 2018 compared to the second quarter of 2017, the growth rate of wages and salaries component ranged from 15.8% in "Information and communication" to (-8.0%) in "Real estate activities".

Source: Total labor cost index - NSI data

Petya Petrova

Petya Petrova is a journalist, believer, and traveler.

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