EMU DATA: Total hourly labour costs in the Eurozone slowed to an annual
growth rate of 2.2% in the fourth quarter of 2009, its lowest level in
over two years and down from the generally expected +2.5% print,
Eurostat reported on Wednesday.
— EMU 4Q hourly wages and salaries +2.0% Y/Y; 3Q +2.8%; 2Q +4.1%
— EMU 4Q non-wage labour costs +2.7% Y/Y; 3Q +3.5%; 2Q +4.7%
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