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The German statistical office Destatis relased its labour costs data for the second quarter on Tuesday. Labour costs per hour worked rose 0.9% in the second quarter on a seasonally and calendar adjusted basis, after a 0.8% increase in the first quarter.
On a yearly basis, labour costs per hour worked increased 3.1% in the second quarter on a calendar adjusted basis, after a 2.8% gain in the first quarter.
The costs of gross earnings climbed 3.4% year-on-year in the second quarter, while non-wage costs were up 2.0% in calendar adjusted terms.