Germany’s labor cost growth increased slightly in the second quarter after slowing in the first quarter, Destatis reported Friday.
The index of labor cost gained 2.3 percent year-on-year, following a 2.2 percent rise in the first quarter.
Costs of gross earnings rose by 2.9 percent from previous year, while non-wage costs were up 0.3 percent.
On a quarterly basis, labor cost growth accelerated to 0.3 percent from 0.1 percent in the previous period.
Source: RTT News