Labour cost in construction drops despite sector growth

Newsroom 04/09/2015 | 12:19

The second quarter of 2015 indicated a 1.7 percent drop over the previous quarter in hourly labour cost (working days adjusted) in construction, despite the volume of construction works showing a 10.9 percent growth during the first half of the year, according to data from the National Institute for Statistics.


However, the rest of economic activities showed increases in labour cost, with the most significant rises recorded in mining and quarrying (20.7 percent), electricity, gas, steam and air conditioning supply (14.6 percent) and financial and insurance activities (11.4 percent).

As against the previous quarter, in Q2 2015 the increase of the direct costs component in adjusted index (wages and salaries) was of 4.2 percent, while the one concerning other costs (non‐wages costs) was of 4.3 percent. The increases registered by the two components – for the non‐adjusted index – were of 4.1 percent, respectively 4.2 percent.

During the second quarter the adjusted hourly labour cost (working days adjusted) registered an increase rate of 4.3 percent by comparison with the previous quarter and of 7.66 percent by comparison with the same quarter of the previous year. The non‐adjusted hourly labour cost varied insignificantly compared to the adjusted form (4.2 percent, respectively 7.64 percent).

By main economic activities, the highest increases of the hourly labour cost (working days adjusted) were observed in other service activities (14.1 percent), administrative and support service activities (13.9 percent) and information and communication (11.3 percent).

The lowest increase was registered in electricity, gas, steam and air conditioning supply (1.7 percent).

Year on year the increase for the direct costs component (wages and salaries) was of 7.66 percent, while for the non‐adjusted index stood at 7.64 percent. The other costs component (non‐wages costs) registered similar increase (7.66 percent, respectively 7.64 percent).

Natalia Martian


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