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The German statistical office Destatis released its labour costs data for the first quarter on Thursday. Labour costs per hour worked rose 1.7% in the first quarter on a seasonally and calendar adjusted basis, after a 0.5% increase in the fourth quarter.
On a yearly basis, labour costs per hour worked increased 3.1% in the first quarter on a calendar adjusted basis, after a 2.0% gain in the fourth quarter.
The costs of gross earnings climbed a calendar adjusted 3.2% year-on-year in the first quarter, while non-wage costs were up 2.7%.
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