Labor Cost

The quarterly Labor Cost, released by Eurostat, shows the short-term development of the total hourly costs incurred by the employers of maintaining their employees. It measures the cost pressure arising from the production factor 'labor'.

Most recent - Wednesday 17 December 2025 10:00

Previous
3.6%
Revised
3.9%
Forecast
3.5%
Actual
3.3%

Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.

Next event - Thursday 19 March 2026 10:00

Previous
3.3%
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for Labor Cost yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Labor Cost was 3.3% against a forecast of 3.5%.

Past events

Date
Forecast
Actual
Wednesday 17 December 2025 10:00
3.5%
3.3%
Tuesday 16 September 2025 09:00
3.7%
3.6%
Monday 16 June 2025 09:00
3.2%
3.4%
Wednesday 19 March 2025 10:00
-
3.7%
Monday 16 December 2024 10:00
4.6%
4.6%
Monday 16 September 2024 09:00
-
4.7%
Monday 17 June 2024 09:00
4.9%
5.1%
Tuesday 19 March 2024 10:00
-
3.4%
Friday 15 December 2023 10:00
-
5.3%
Friday 15 September 2023 09:00
-
4.5%
Friday 16 June 2023 09:00
3.3%
5%

Economic context

Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next Labor Cost result:

PreviousLatest
ZEW Survey – Current SituationBullish change-65.9-62.9
ZEW Survey – Economic SentimentBearish change58.3-0.5
ZEW Survey – Economic SentimentBearish change39.4-8.5
Consumer Price Index (EU Norm) (YoY)Bearish change1.6%1.5%
Consumer Price Index (YoY)Bearish change1.6%1.5%
Industrial Production s.a. (MoM)Bearish change-0.6%-1.5%
Harmonized Index of Consumer Prices (YoY)(no change)2.5%2.5%
Harmonized Index of Consumer Prices (MoM)(no change)0.4%0.4%
Harmonized Index of Consumer Prices (YoY)(no change)2%2%
Trade Balance s.a.Bullish change€17.4B€21.2B
Sentix Investor ConfidenceBearish change4.2-3.1
Factory Orders s.a. (MoM)Bearish change7.8%-11.1%
Industrial Production n.s.a. w.d.a. (YoY)Bearish change0.4%-1.2%
Industrial Production s.a. (MoM)Bullish change-1%-0.5%
Factory Orders n.s.a. (YoY)Bearish change11.7%3.7%
Employment Change (QoQ)(no change)0.2%0.2%
Gross Domestic Product s.a. (QoQ)Bearish change0.3%0.2%
Gross Domestic Product s.a. (YoY)Bearish change1.4%1.2%
Retail Sales (MoM)Bearish change0.2%-0.1%
Retail Sales (YoY)Bullish change1.8%2%
Unemployment RateBullish change6.2%6.1%
Gross Domestic Product (QoQ)(no change)0.3%0.3%
Gross Domestic Product (YoY)(no change)0.8%0.8%
Producer Price Index (MoM)Bullish change-0.3%0.7%
Producer Price Index (YoY)Bearish change-2%-2.1%
HCOB Composite PMI(no change)51.951.9
HCOB Composite PMIBullish change53.153.2
HCOB Services PMIBullish change53.453.5
HCOB Services PMIBearish change53.551.9

About Labor Cost

Country:Eurozone
Currency:EUR
Source:Eurostat
Category:Labor Market
Frequency:Quarterly
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