The Labour Cost Index (LCI) working days adjusted increased by 5.0% in the 3rd quarter of 2019, compared to the same period in 2018. In the previous quarter it was recorded a year-on-year increase of 0.5%.
The two main labour cost components, wage costs and other costs (both per hour actually worked), increased by 5.0% and 4.8%, respectively, compared to the same period of the previous year.
The LCI year-on-year rate of change was also explained by the increase of 4.2% in the average cost per employee and the decrease of 0.6% in the number of hours actually worked per employee.