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Danish labour costs rose 3.1 percent in Q2 compared with Q2 last year.
Foto: BORBERG THOMAS

Danish labour costs rose 3.1 percent in Q2 compared with Q2 last year.

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Labour costs rising fast in DK

Danish labour costs are rising faster than in the EU and U.S.

News in English
Læs artiklen senere Gemt (klik for at fjerne) Læst

The latest figures from Statistics Denmark show private sector labour costs rose 3.1 percent in the second quarter compared to last year, while they rose 1.6 percent overall in the European Union and 1.9 percent in the United States.

The figures are based on a report from the EU’s statistical bureau Eurostat and suggest that higher bonus payments in Denmark are particularly to blame.

Similar labour cost increases in Germany were at 1.6 percent and in Sweden 0.7 percent in the same period.

Statistics Denmark says that labour costs in the United States have generally dropped in recent years, although the first quarter of this year saw a change in the trend, with a growth of 1.6 percent compared to the same period in 2009, and an increase of 1.9 percent in Q2 2010.

The biggest rise in the EU was reported in Bulgaria where costs rose 8.6 percent followed by Romania at 5.0 percent. On the other hand costs dropped in Lithuania by 7.0 percent, in Latvia by 5.8 percent and in Estonia by 2.6 percent.

Figures are compared with the same quarter the year before.

Edited by Julian Isherwood

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