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Labor Cost

The quarterly Labor Cost, released by Eurostat, shows the short-term development of the total hourly costs incurred by the employers of maintaining their employees. It measures the cost pressure arising from the production factor 'labor'.

Most recent - Tuesday 19 March 2024 10:00

Previous
5.3%
Revised
5.2%
Forecast
-
Actual
3.4%

Next event - Friday 14 June 2024 09:00

Previous
3.4%
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for Labor Cost yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Labor Cost was 3.4%.

Past events

Date
Forecast
Actual
Tuesday 19 March 2024 10:00
-
3.4%
Friday 15 December 2023 10:00
-
5.3%
Friday 15 September 2023 09:00
-
4.5%
Friday 16 June 2023 09:00
3.3%
5%
Friday 17 March 2023 10:00
3%
5.7%
Monday 19 December 2022 10:00
3%
2.9%
Thursday 15 September 2022 09:00
1.4%
4%
Thursday 16 June 2022 09:00
-
3.2%
Friday 18 March 2022 10:00
1.3%
1.9%
Thursday 16 December 2021 10:00
-
2.5%
Wednesday 15 September 2021 09:00
-
-0.1%
Wednesday 16 June 2021 09:00
3.3%
1.5%

Economic context

Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next Labor Cost result:

PreviousLatest
ZEW Survey – Current SituationBullish change-80.5-79.2
ZEW Survey – Economic SentimentBullish change31.742.9
ZEW Survey – Economic SentimentBullish change33.543.9
Consumer Price Index (EU Norm) (YoY)Bearish change1.3%1.2%
Consumer Price Index (YoY)Bearish change1.3%1.2%
Industrial Production s.a. (MoM)Bullish change-3%0.8%
Harmonized Index of Consumer Prices (YoY)Bullish change3.2%3.3%
Consumer Price Index (EU norm) (YoY)(no change)2.4%2.4%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Harmonized Index of Consumer Prices (YoY)(no change)2.3%2.3%
Sentix Investor ConfidenceBullish change-10.5-5.9
Industrial Production n.s.a. w.d.a. (YoY)Bullish change-5.3%-4.9%
Industrial Production s.a. (MoM)Bullish change1.3%2.1%
Trade Balance s.a.Bearish change€27.5B€21.4B
Retail Sales (MoM)Bearish change0%-0.5%
Retail Sales (YoY)Bullish change-0.9%-0.7%
Factory Orders n.s.a. (YoY)Bearish change-6.2%-10.6%
Factory Orders s.a. (MoM)Bullish change-11.4%0.2%
Producer Price Index (MoM)Bearish change-0.9%-1%
Producer Price Index (YoY)Bearish change-8%-8.3%
HCOB Composite PMIBullish change49.950.3
HCOB Composite PMIBullish change47.447.7
HCOB Services PMIBullish change49.850.1
HCOB Services PMIBullish change54.756.1
Core Harmonized Index of Consumer Prices (MoM)Bullish change0.7%1.1%
Core Harmonized Index of Consumer Prices (YoY)Bearish change3.1%2.9%
Harmonized Index of Consumer Prices (MoM)Bullish change0.6%0.8%
Harmonized Index of Consumer Prices (YoY)Bearish change2.6%2.4%
Unemployment Rate(no change)6.5%6.5%
Consumer Price Index (MoM)(no change)0.4%0.4%
Consumer Price Index (YoY)Bearish change2.5%2.2%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Harmonized Index of Consumer Prices (YoY)Bearish change2.7%2.3%

About Labor Cost

Country:Eurozone
Currency:EUR
Source:Eurostat
Category:Labor Market
Frequency:Quarterly

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