|
OECD unit labour costs accelerated in third quarter of 2008
Download the entire news release (pdf)
13/02/2009 - Unit labour costs in industry rose 1.0% quarter-on-quarter in the OECD area in the third quarter of 2008 (0.8% in second quarter) and resulting in a year-on-year growth rate of 2.6%. Italy maintained the highest growth rate in industry among the major seven economies with 2.1% growth in the third quarter, accumulating to 7.8% on an annual basis. German industry unit labour costs rose 0.5% in the third quarter of 2008 from 0.2% in the second quarter and giving a relatively modest 0.7% annual increase. Growth in Japanese unit labour costs for industry slowed to 0.5% in the third quarter of 2008 from the 0.7% growth recorded in the previous quarter. etc.
The next publication date of the OECD System of quarterly unit labour cost indexes will be on 15 May 2009.
Contacts
For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org; others should contact the Statistics Directorate on stat.contact@oecd.org.
|
