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The German statistical office Destatis relased its labour costs data for the third quarter on Wednesday. Labour costs per hour worked were flat in the third quarter on a seasonally and calendar adjusted basis, after a 0.6% increase in the second quarter.
On a yearly basis, labour costs per hour worked increased 2.4% in the third quarter on a calendar adjusted basis, after a 3.0% gain in the second quarter.
The costs of gross earnings climbed a calendar adjusted 2.3% year-on-year in the third quarter, while non-wage costs were up 2.5%.
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