Hourly labour costs increase year-on-year in Cyprus (6.1%) in Q3 were nearly three times the eurozone average (2.6%) and double that of the EU28 (3.1%). In the second quarter of 2019, hourly labour costs increased by 2.8% (euro area), 3.2% (EU28) and 6.1% (Cyprus), according to data published by Eurostat. In Cyprus, the costs of hourly wages and salaries rose by 4.0% and the non-wage component rose by 16.7% in Q3 2019. In Q2 2019, annual changes were +4.1% and +17.1%, respectively.
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