Cyprus Mail

Wage costs drop in first quarter

Labour costs in Cyprus fell 6.9 per cent in the first quarter of this year, Eurostat said on Tuesday.

The cost of labour in the eurozone and in the EU increased, by 0.9 per cent and 1.2 per cent respectively on average, the figures showed.

The Cyprus decrease, which was the largest in both the eurozone and the EU resulted from a fall of 7.9 per cent in wage costs on average.

In the industrial sector, labour costs decreased by 3.3 per cent, in construction 3.4 per cent and in the services sector 7.5 per cent.

Related Posts

Tender launched for new bus shelters

Anna Savva

Analysis: Jumping on EV wagon represents risky ride for tech pioneer Sony

George Hadjichristophi

ECB’s Lane says high energy prices a major concern

Reuters News Service

Our View: Neophytou has put Christodoulides on the spot

CM: Our View

Melco Cyprus community charity drives bring festive joy

Press Release

Paphos hit-and-run suspect remanded in custody

George Psyllides

1 comment

Comments are closed.