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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