site.btaLabour Costs Continue to Grow Steadily Year-on-Year

Labour costs continued to grow steadily on an annual basis and the highest growth has been recorded in construction and industry, according to the National Statistical Institute.

In the first quarter of 2024, compared to the first quarter of 2023, the total hourly labour cost rose by 15.8%, according to preliminary data. The total hourly labour cost increased by 13.9% in industry, by 16.3% in services and by 19.3% in construction.

The highest annual growth in total labour costs was recorded in other service activities - by 20.8%, accommodation and food service activities - by 20.6%, and construction – by 19.3%.