In the second quarter of 2021, the preliminary working-day adjusted
Labour Cost Index (LCI) for the whole observed economy (sections B to S of ÖNACE 2008) has declined by
Note: Since its beginning in March 2020, the corona virus pandemic has led to developments on the labour market, such as company closures, short-time work, the recommendation for employees to use their overtime and annual leave, quarantine and others. These developments and the state support for short-time work do lead to some extent to significant movements in labour costs per hour worked. The short-time work support (to reduce labour costs) can sometimes only be processed and paid out from the Austrian Public Employment Service (AMS) with a delay. The AMS provides this data on a monthly basis and some of it also includes short-time work support from several months ago, therefore the revision of the previous quarter (first quarter 2021) may be higher than usual in some sections.
In the manufacturing sector the labour costs per hour
worked have increased most in section E - water supply and waste management
with 1.8% (wages and salaries
In the manufacturing sector the working day adjusted
index excluding bonuses went up by 3.5% compared
to the previous year’s quarter. Thus, it increased more than the index
Info: Bonuses are defined as payments which are not paid in every remuneration period (e.g. the 13th and 14th salary, exceptional length-of-service awards) and voluntary severance pays (e.g. golden handshakes).
In the economic section with most enterprises and
employees G – wholesale and retail trade; repair of motor vehicles and motorcycles
the LCI increased by 4.0% compared to the previous year’s quarter (wages and salaries
The working day adjusted index
of sections O to S dropped by
Info: The developments of the current and previous 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.
Note: Currently sections H to N and P to S do not have any 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 labour 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 number of hours actually worked as collected by the microcensus labour force survey.
The results of the labour cost index in the EU member states and other participating countries (currently Iceland, Norway, United Kingdom and Serbia) 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)|
© STATISTICS AUSTRIA, Last Changed 15.09.2021