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European Union Labour Cost Index

Country:
European Union
EUR, Euro
Source:
Sector:
Labor
Low 1.6% 2.0%
1.8%
Last release Importance Actual Forecast
Previous
1.8%
1.6%
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History

Labor Cost Index indicates changes in the labor costs paid by employers for the given quarter compared to the previous one. It is calculated as the ratio of a single employee labor cost to labor productivity (defined as GDP per one employed person).

The indicator allows evaluating inflation and forecasting the growth in consumer spending.

Last values:

actual data

forecast

The chart of the entire available history of the "European Union Labour Cost Index" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
3 Q 2017
1.6%
2.0%
1.8%
2 Q 2017
1.8%
1.6%
1.4%
1 Q 2017
1.5%
1.1%
1.5%
4 Q 2016
1.6%
1.4%
3 Q 2016
1.5%
1.0%
2 Q 2016
1.0%
1.6%
1 Q 2016
1.7%
1.3%
4 Q 2015
1.3%
1.1%
3 Q 2015
1.1%
1.6%
2 Q 2015
1.6%
1.9%
1 Q 2015
2.2%
1.2%
4 Q 2014
1.1%
1.3%
3 Q 2014
1.4%
1.2%
2 Q 2014
1.4%
0.9%
1 Q 2014
0.6%
1.4%
4 Q 2013
1.6%
1.0%
3 Q 2013
1.1%
0.9%
2 Q 2013
1.1%
1.6%
1 Q 2013
1.7%
1.3%
4 Q 2012
1.3%
2.0%
3 Q 2012
1.8%
1.6%
2 Q 2012
1.9%
2.0%
1 Q 2012
2.0%
2.8%
4 Q 2011
2.8%
2.7%
3 Q 2011
2.6%