Monday, 15th September 2008 - 11:31CET
Malta sees second lowest growth in labour costs
Labour costs in Malta in the second quarter of this year rose by 1.8 percent from the same quarter of last year - the second lowest increase in the European Union.
The smallest increase in hourly labour cost was observed in Germany (0.7%) while the highest were in Latvia (24.8%) and Romania (23%).
The euro area average was 2.7% while the average of the EU27 was 3.4%.
The figures were issued by Eurostat, the EU statistics agency. The euro area average in 2007 had been 3.5% while that of the EU 27 had been 4.4%.
The main components of labour costs are salaries and non-wage costs.
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