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Pay gap between Belgium and neighbours shrinks

© Belga
The pay gap between Belgium and its European neighbours shrinks.
© Belga

Belgium’s hourly labour costs increased by 0.1% during the second quarter of 2016, compared to twelve months earlier. This is according figures published by Eurostat today (Friday). This is a far less rapid upsurge than in neighbouring countries, with the exception of Luxembourg.

In Germany, hourly labour costs have thus risen by 1.8%, 1.4% in France and 0.6% in the Netherlands.

On the other hand, in Luxembourg hourly labour costs have diminished by 1.1%.

Costs increased by an average of 1% in the eurozone and 1.4% within the 28 European Union countries. In the first quarter of 2016, hourly labour costs increased by 1.6% within both zones.

The most significant increases were witnessed in Romania (+12%), Latvia (+9.5%), Bulgaria (+7.3%) and Lithuania (+6.6%).

In addition to Luxembourg, Italy and Finland also had reductions in labour costs over the second quarter (being -1.1% and -2% respectively).

Lars Andersen
The Brussels Times