Extractive industry, energy and telecommunications, the highest rise in cost of manpower in Q2

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Extractive industry, energy, transport and telecommunications saw the highest rise in the hourly cost of manpower in Q2, according to the National Statistics Institute (INS).
 
Compared with Q1, significant rises in the hourly cost of manpower (adjusted to the number of workdays) were reported in the extractive industry – plus 32.68%, electricity and thermal energy, gas and water – plus 25.50%, healthcare and social security – 13.13%. Falls were registered in the public administration – 0.80%, and education – 0.76%.
 
In Q2, the rise from Q1 (adjusted to the number of workdays) in direct (salary) expenses with the manpower stood at 8.94%, and in non-direct (non-salary) expenses at 9.76%.
 
The rises in the gross indexes, non-adjusted to the number of workdays, stood at 9.11% and 9.75%, respectively.
 
The quarterly index of the hourly cost of manpower adjusted to the number of workdays rose 9.14% in Q2 from Q1, and 21.84% from the same quarter last year.
In an unadjusted form, in the same period of comparison, the rise stood at 9.26%, at 21.82% respectively.
 
Compared with Q2 last year, the highest rises in the quarterly indexes of the hourly cost of manpower (adjusted to the number of workdays) were registered in healthcare and social security (plus 46.26%), education (plus 38.23%), electricity and thermal energy, gas and water (32.22%). The lowest rise was reported in brokerage (plus 6.72%), followed by hotels and restaurants (plus 15.19%).
 
The rise in Q2 this year from the same period last year – indexes adjusted to the number of workdays – in direct (salary) expenses was of 21.71%, and in the gross (non-adjusted) indexes of 21.72%. Indirect (non-salary) expenses reported rises of 22.26%, of 22.16% respectively.
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