25092018Headline:

Hellenic Statistical Authority: Payroll cost index up 2.7 pct in Q4 2017

The payroll cost index in Greece (excluding the primary sector and household activities) grew 2.7 pct in the fourth quarter of 2017 compared with the same period in 2016, after a 0.7 pct decline recorded in the 2016/2015 period, Hellenic Statistical Authority said on Tuesday.

The statistics service, in a quarterly report, said that the payroll cost index -seasonally adjusted but without date correction – grew 2.0 pct in the fourth quarter of 2017, after a 0.2 pct increase recorded in the 2016/2015 period. The payroll cost index – not seasonally adjusted but with date correction – grew 3.4 pct in the fourth quarter of 2017, after a 2.0 pct decline recorded in the 2016/2015 period.