Economic indicators
In the first quarter 2020, the total hourly labour cost increases by 1.6 % on an annual basis.
The sharpest increase of the labour cost is noted in the NACE section C (Manufacturing) with 2.3 %. The smallest increase (0.1 %) concerns the NACE section Q (Human health and social work activities).
The Labour Cost Index only measures the hours actually worked and the associated labour costs. Therefore, the various measures due to the coronavirus, such as temporary unemployment, have no impact on the results.