German Labor Cost Growth Stagnates In Q3

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Labor costs in Germany were flat on a seasonally adjusted sequential basis in the third quarter compared to the upwardly revised 0.6% increase in the previous quarter, the Federal Statistical Office reported on Wednesday. Labor cost growth has been on a slowing trend since surging 2.3% in the final quarter of 2008.

Compared with the same quarter of the previous year, however, labor costs increased a calendar adjusted 4.8%, slower than the upwardly revised 5.7% increase in the preceding quarter. This marks the third highest annual labor cost growth rate in the history of the index.

Labor costs in Germany were flat on a seasonally adjusted sequential basis in the third quarter compared to the upwardly revised 0.6% increase in the previous quarter, the Federal Statistical Office reported on Wednesday. Labor cost growth has been on a slowing trend since surging 2.3% in the final quarter of 2008. (Market News Provided by RTTNews)