AcasăEurope NewsHourly labour costs, up 11.67pct in Romania in Q2 2022

Hourly labour costs, up 11.67pct in Romania in Q2 2022

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Hourly labour costs adjusted for working days in Romania increased by 11.67% in Q2 2022, y-o-y, and 8.05% on a quarterly basis, according to data published on Friday by the National Institute of Statistics (INS), according to Agerpres.

According to INS, Q2 2022 hourly labour costs adjusted for working days were up y-o-y for all economic activities. The most significant increases were found in the electricity, gas, steam and air conditioning production and supply (23.79%), mining and quarrying (19.76%), education (19.67%), and activities auxiliary to financial services and insurance activities (16.92%).

The smallest increases in the hourly labour costs were found in professional, scientific and technical activities (4.88%), human health and social work activities (2.78%). Direct costs (salary) increased by 8.05%, and indirect costs (non-salary) by 7.95%, on a quarterly basis.

The hourly labour costs adjusted for working days increased in all economic activities y-o-y.

The most significant increases were in other service activities (21.07%), buying and selling of own real estate (17.85%), information and communication (16 .75%), as well as wholesale and retail trade and repair of motor vehicles and motorcycles (15.04%).

The smallest increases were noticed in performance, cultural and recreational activities (8.60%), public administration (6.95 %) and human health and social work activities (2.59%).

Compared with the same quarter of the year before, direct costs (salary) increased by 11.71%, and indirect costs (non-salary) by 10.85%.

According to INS, the quarterly index of hourly labour costs is a short-term indicator that reflects the trends in the hourly costs borne by the employers with a salaried workforce.

Agerpres

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