Total hourly labour cost rose in BulgariaStaff Writer | September 21, 2017
Preliminary data of the NSI for the second quarter of 2017 indicate that the total hourly labour cost rose by 11.0% in Bulgaria compared to the second quarter of 2016.
Europe The breakdown by economic activities
The breakdown by economic activities showed that the highest annual growths in total labour costs were recorded in ‘Real estate activities’ - 16.8%, ‘Administrative and support service activities’ - 16.1%, ‘Professional, scientific and technical activities’ - 14.6%.
The lowest increase in total labour costs was observed in ‘Construction’ by 4.7%, ‘Electricity, gas, steam and air conditioning supply’ by 5.0% and ‘Financial and insurance activities’ - 5.7%.
In the structure of the total labour costs, the wages and salaries costs per hour worked grew by 10.7% in comparison with a year earlier, while the other (non-wage) costs rose by 12.4%.
Among the economic activities in the second quarter of 2017 compared to the second quarter of 2016 the growth rate of wages and salaries component ranged from 4.7% in ‘Electricity, gas, steam and air conditioning supply’ to 17.0% in ‘Real estate activities’. ■