Labor-related costs increased by 2.7 percent in the fourth quarter of 2017, excluding the primary production sector and households’ activities, according to figures released by Greece’s independent statistics authority (EL.STAT) on Monday.
In seasonally adjusted terms, but based on the same number of calculated work days, labor-related costs appear higher by 2 percent in Q4, compared to the same quarter in 2016. The same figure for Q4 2016 was higher by a marginal 0.2 percent when compared to Q4 2015.
