Pay gap between Belgium and neighbours shrinks

Pay gap between Belgium and neighbours shrinks
The pay gap between Belgium and its European neighbours shrinks.

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).


The Brussels Times


Latest News

Copyright © 2021 The Brussels Times. All Rights Reserved.