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Croatia, Ireland & Cyprus Only EU Nations With Declining Labour Costs

KunaCroatia, Ireland and Cyprus were the only three nations in the EU which saw hourly labour costs drop in the third quarter of this year…

Wages and salaries across the European Union increased as a whole by 1.4% in Q3, but according to the Eurostat figures, in Croatia from July to September they dropped 0.3% compared with the same period last year. Ireland (0.8%) and Cyprus (2.8%) were the only other nations in the EU which saw drops.

In the euro zone area, hourly labour costs in Q3 grew 1.3% from the same period in 2013.

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