The Labour Cost Index (LCI) working days adjusted increased by 2.0% in the 4th quarter of 2015, compared to the same period of 2014. In the previous quarter, it was recorded a year-on-year decrease of 0.9%.
The two main labour cost items are wage costs and other costs (per hour actually worked). From the same quarter of 2014, wage costs increased by 1.6% and other costs increased by 3.2%.
In 2015, the Labour Cost Index increased by 1.8% due to increases of 1.5% in wage costs and of 2.7% in other labour costs. In the previous year, the LCI had recorded a decrease of 3.4% (corresponding to decreases of 3.2% and of 3.8% in the wage costs and other costs, respectively).