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 - Monday 17 June 2024 09:00

Previous
3.4%
Revised
-
Forecast
4.9%
Actual
5.1%

Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Trading range

Forecast history

The most recent announced value for Labor Cost was 5.1% against a forecast of 4.9%.

Past events

Date
Forecast
Actual
Monday 17 June 2024 09:00
4.9%
5.1%
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%

Economic context

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

PreviousLatest
IFO – Business ClimateBearish change89.388.6
IFO – Current Assessment(no change)88.388.3
IFO – ExpectationsBearish change90.489
HCOB Manufacturing PMIBearish change47.345.6
HCOB Services PMIBearish change53.252.6
HCOB Composite PMIBearish change52.250.8
HCOB Composite PMIBearish change52.450.6
HCOB Manufacturing PMIBearish change45.443.4
HCOB Services PMIBearish change54.253.5
HCOB Composite PMIBearish change48.948.2
HCOB Manufacturing PMIBearish change46.445.3
HCOB Services PMIBearish change49.348.8
Consumer ConfidenceBullish change-14.3-14
Producer Price Index (MoM)Bearish change0.2%0%
Producer Price Index (YoY)Bullish change-3.3%-2.2%
ZEW Survey – Current SituationBearish change-72.3-73.8
ZEW Survey – Economic SentimentBullish change47.147.5
Core Harmonized Index of Consumer Prices (MoM)(no change)0.4%0.4%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.9%2.9%
Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
ZEW Survey – Economic SentimentBullish change4751.3
Consumer Price Index (EU Norm) (YoY)(no change)0.8%0.8%
Consumer Price Index (YoY)(no change)0.8%0.8%
Consumer Price Index (EU norm) (YoY)Bearish change2.7%2.6%
Industrial Production s.a. (MoM)Bearish change0.5%-0.1%
Harmonized Index of Consumer Prices (YoY)(no change)3.8%3.8%
Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Harmonized Index of Consumer Prices (YoY)(no change)2.8%2.8%

About Labor Cost

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