Summary
The Labour Cost Index working days adjusted decreased by 8.8% in the 4th quarter of 2014, compared with the same period in 2013. In the previous quarter, it was recorded an increase of 0.4%.
The two main labour cost items are wage costs and other costs (per hour actually worked). Wage costs decreased by 9.7% from the same period a year earlier and other costs increased by 5.8%.