loader

Romanian labour cost per hour up 4 pct in Q3

The hourly labour cost in Romania was up 4 percent in the third quarter as compared to April-June and it surged 7.58 percent from last July-Sept., show figures released by the National Institute for Statistics.

The hourly labour cost, when compared to the second quarter, rose in most economic activities, with significant increases being recorded in show, cultural and recreational business (10.80 pct), the production and supply of electric power and heating, gas, hot water and air conditioning (7.61 pct) and other services (5.63 pct).


Drops in the hourly labour cost were recorded in brokerage and insurance (minus 5.53 pct), real estate transactions (minus 4.24 pct) and the construction sector (minus 0.56 pct).


The public sector posted rises in the hourly labour cost mainly due to the gradual increase of the wages back to the June 2010 levels as follows: by 18.41 percent in education (also due to the summer holiday), by 12.02 percent in public administration (also influenced by the vacations) and by 6.90 percent in health care and social security, the Institute said.