The Labour Cost Index (working days adjusted) increased by 1.2% in the 4th quarter of 2016, compared with the same period in 2015. In the previous quarter, it recorded a year-on-year increase of 2.8%. The two main labour cost components are wage costs and other costs (per hour actually worked). Both wage costs and other costs increased by 1.2% from the same period a year earlier. However, there were several sectors that saw a decrease of wages. In terms of the annual average, the Index increased by 1.6% in 2016, due to the rise of 1.8% in wage costs and of 0.9% in other labour costs. In 2015, the Index had recorded also an increase of 1.6% (corresponding to rates of change of 1.3% and 2.6% in the wage costs and other costs, respectively).
English (with links to data sheets): https://www.ine.pt/xportal ...
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.eu. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.
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