EMU DATA: Hourly labour cost growth in the Eurozone slowed to +0.8% on
the year in 3Q, Eurostat reported on Thursday.
— EMU 3Q total hourly labour costs +0.8% Y/Y; 2Q +1.6%; 1Q +2.0%
— EMU 3Q hourly wages and salaries +0.7% Y/Y; 2Q +1.5%; 1Q +1.9%
— EMU 3Q non-wage labor costs +1.2% Y/Y; 2Q +1.9%; 1Q +2.1%
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