In the fourth quarter of 2019, the preliminary working-day adjusted Labour Cost Index (LCI) for the whole observed economy (sections B to S of ÖNACE 2008) rose by 2.3% compared to the previous year’s figure. The growth in gross wages and salaries per hour worked was 2.3% as well and the indirect labour costs per hour worked went up by 2.6%. In the third quarter of 2019 the working-day adjusted LCI increased by 1.8%.
Info: Developments of the current quarter are provisional and may be revised with the publication of the next quarter. In addition, each third quarter, the index values are revised up to the first quarter of the previous year due to the availability of final data.
In the manufacturing sector the labour costs per hour
worked changed between 1.6% and 8.1%. The highest increase of the LCI
was recorded in section E - water supply and waste management, here
the LCI rose by 8.1%
In the manufacturing sector the working day adjusted
index excluding bonuses grew by 4.1% compared to the previous year’s
quarter. Thus, it increased slightly stronger than the index including
Info: Bonuses are defined as payments which are not paid in every remuneration period (e.g. 13th and 14th monthly pays, exceptional length-of-service awards) and voluntary severance pays (e.g. golden handshakes).
In the economic section with most enterprises G – wholesale and retail
trade; repair of motor vehicles and motorcycles the LCI increased
compared to the previous year’s quarter (wages and salaries
The working day adjusted index in sections O to S
went up by 0.6% (gross wages and salaries by
Note: Currently sections I to L and P to S have no significant effect regarding working days; consequently, unadjusted series and working-day adjusted series will be identical until working-day adjustment will be possible.
Info: The calculation of the labor cost index is based on administrative data and statistical surveys; therefore, index values are subject to some random fluctuation. In the services sector this is mainly caused by fluctuations in the hours actually worked as collected by the microcensus labour force survey.
Results of the labour cost index in the EU member states and other participating countries (currently Norway and Turkey) are published by Eurostat in a publicly available database (‘Labour costs’ > ‘Labour cost index’ > ‘Labour cost index by NACE Rev. 2 activity - nominal value, quarterly data (lc_lci_r2_q)’).
Please consult our German website for tables containing further information.
|Results (overview): Labour Cost Index (working-day adjusted), whole economy (ÖNACE 2008 sections B to S)|
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