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Europe Daily Bulletin No. 8670

20 March 2004
Contents Publication in full By article 35 / 38
GENERAL NEWS / (eu) eu/economy
Labour costs rise in EU in fourth quarter of 2003

Luxembourg, 19/03/2004 (Agence Europe) - According to the figures published by Eurostat on 18 March, the total hourly cost of labour in the euro zone increased by 2.5% in nominal terms during the fourth quarter of 2003, compared to the previous quarter. The increase for the third quarter of 2003 was 2.8%. In the Union of Fifteen (EU15), the rise was 2.9% in the fourth quarter of 2003, compared to 3.1% in the previous quarter. Germany and Italy (2.3% each) recorded the lowest annual increase,...

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