16 September 2015
2015- n° 227In Q2 2015, the labour cost index - wages and salaries and the labour cost index -
total labour cost increased by 0.1% Labor cost index in industry, construction and services - 2nd Quarter 2015
In the second quarter of 2015, the labour cost index (LCI) - wages & salaries sharply decelerated (+0.1% after +1.0%) in the non-agricultural market sector excluding household services, in seasonally adjusted data. In year-on-year changes, the LCI - wages & salaries rose nearly at the same pace as in Q1 2015 (+1.6% after +1.7%). Worked hours slightly increased (+0.1% in year-on-year changes).
Warning:
- Since the Q1 2015 publication, upon Eurostat request, the reference year for the labour cost indices has been 2012: the average of the four 2012 quaterly indices is equal to 100.
- Since the current publication, about Q2 2015, the LCI – total labour cost integrate supplementary cost components calculated on the basis of the 2012 Labour cost survey (LCS). Moreover, the LCI – total labour cost now integrate the wage bill relative to the tax credit for encouraging competitiveness and employment (CICE) that firms report in the ACOSS contribution forms. The CICE is included in labour cost indices as a subsidy received by the employer. The CICE has no impact on the variation of LCI – wages & salaries.
The labour cost index - wages & salaries increased by 0.1%
In the second quarter of 2015, the labour cost index (LCI) - wages & salaries decelerated sharply (+0.1% q-o-q after +1.0%) in the non-agricultural market sector excluding household services, in seasonally adjusted data. Year-on-year, , the LCI - wages & salaries rose nearly at the same pace as in Q1 2015 (+1.6% after +1.7%). Worked hours slightly increased (+0.1% in year-on-year changes).
graphiqueGraphSSangl – LCI - wages and salaries: year-on-year changes
- Sources: ACOSS, DARES, INSEE
Wages increased by 0.3% in industrial activities
In Q2 2015, wages slowed down in industrial activities (+0.3% after +0.7% in Q1 2015). Wages were stable in manufacturing (0.0% after +0.7%) and water supply activities (0.0% after +0.4%). However, wages rose dramatically in electricity and gas (3.0% after 0.0%). Year-on-year, wages slowed slightly in industrial activities (+1.7% after +1.9%).
Wages decelerated in services
In services, wages decelerated sharply (+0.1%) compared to the previous quarter (+1.1%). Wages fell back in information and communication, financial and insurance and professional, scientific and technical activities. In contrast, they picked up in transportation and storage and real estate activities. Year-on-year, wages slightly decelerated (+1.5% after +1.7%).
In construction, wages decreased in Q2 2015 (-0.4% after +0.7%). Wages slightly slowed down in year-on-year changes (+0.9% after +1.1%).
tableautableauSSangl – LCI - wages & salaries
| Quarterly variations (%) | Annual variations (%) | |||
|---|---|---|---|---|
| Q1-15 | Q2-15 | Q1-15 | Q2-15 | |
| Industry | 0.7 | 0.3 | 1.9 | 1.7 |
| Mining and quarrying | 1.6 | 4.0 | 0.3 | 6.8 |
| Manufacturing | 0.7 | 0.0 | 2.1 | 1.6 |
| Electricity, gas, steam and air conditioning supply | 0.0 | 3.0 | 0.8 | 1.6 |
| Water supply; sewerage, waste management and remediation activities | 0.4 | 0.0 | 1.0 | 0.9 |
| Services | 1.1 | 0.1 | 1.7 | 1.5 |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 0.5 | 0.3 | 1.5 | 1.4 |
| Transportation and storage | –0.3 | 1.3 | 0.7 | 1.5 |
| Accommodation and food service activities | 0.6 | 0.4 | 1.4 | 1.3 |
| Information and communication | 1.5 | –0.4 | 2.3 | 1.3 |
| Financial and insurance activities | 1.5 | –0.7 | 1.4 | 1.1 |
| Real estate activities | –0.1 | 1.5 | 1.7 | 2.6 |
| Professional, scientific and technical activities | 2.4 | –0.9 | 2.3 | 1.3 |
| Administrative and support service activities | 1.5 | 0.5 | 1.5 | 2.4 |
| Construction | 0.7 | –0.4 | 1.1 | 0.9 |
| TOTAL | 1.0 | 0.1 | 1.7 | 1.6 |
- Field: non-agricultural market sector excluding household services
- Sources: ACOSS, DARES, INSEE
Slight downward revision of Q1 2015 LCI – wages and salaries, in year-on-year changes
The variation of wages and salaries during the first quarter of 2015 in the non-agricultural market sector excluding household services is revised by -0.1 points year-on-year, and not revised quarter-on-quarter.
The labour cost index - total labour cost increased by 0.1%
In the second quarter of 2015, the labour cost index (LCI) - total labour cost in the non-agricultural market sector excluding household services stalled (+0.1% in seasonnally adjusted data, after +0.9% in the first quarter of 2015).
Year-on-year, the LCI - total labour cost slightly slowed down (+1.6% after +1.8%). Without the tax credit for encouraging competitiveness and jobs (CICE), the LCI - total labour cost would have decelerated at the same pace.
graphiqueGraphSCangl – LCI - total labor cost: year-on-year changes
- Sources: ACOSS, DARES, INSEE
Slight downward revision of Q1 2015 LCI – total labour cost
Compared to the previous publication, the variation of LCI – total labour cost in the first quarter of 2015 in the non-agricultural market sector excluding household services is revised by -0.1 points quarter-on-quarter and not revised year-on-year.
tableautableauSCangl – LCI - total labor cost
| Quarterly variations (%) | Annual variations (%) | |||
|---|---|---|---|---|
| Q1-15 | Q2-15 | Q1-15 | Q2-15 | |
| Industry | 0.6 | 0.3 | 2.0 | 1.7 |
| Mining and quarrying | 1.1 | 4.1 | –0.1 | 6.5 |
| Manufacturing | 0.7 | 0.0 | 2.1 | 1.7 |
| Electricity, gas, steam and air conditioning supply | 0.0 | 2.9 | 0.9 | 1.6 |
| Water supply; sewerage, waste management and remediation activities | 0.2 | 0.0 | 0.9 | 0.9 |
| Services | 1.1 | 0.1 | 1.7 | 1.5 |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 0.5 | 0.3 | 1.7 | 1.5 |
| Transportation and storage | –0.5 | 1.3 | 0.5 | 1.4 |
| Accommodation and food service activities | 0.6 | 0.5 | 1.5 | 1.4 |
| Information and communication | 1.5 | –0.4 | 2.4 | 1.3 |
| Financial and insurance activities | 1.5 | –0.7 | 1.5 | 1.2 |
| Real estate activities | –0.2 | 1.6 | 1.8 | 2.7 |
| Professional, scientific and technical activities | 2.5 | –0.9 | 2.4 | 1.4 |
| Administrative and support service activities | 1.5 | 0.4 | 1.4 | 2.2 |
| Construction | 0.7 | –0.3 | 1.2 | 1.1 |
| TOTAL | 0.9 | 0.1 | 1.8 | 1.6 |
- Field: non-agricultural market sector excluding household services
- Sources: ACOSS. DARES. INSEE
tableautableauhCICEangl – LCI - total labor cost (without CICE)
| Quarterly variations (%) | Annual variations (%) | |||
|---|---|---|---|---|
| Q1-15 | Q2-15 | Q1-15 | Q2-15 | |
| Industry | 0.6 | 0.3 | 2.0 | 1.7 |
| Mining and quarrying | 1.5 | 4.1 | 0.2 | 6.9 |
| Manufacturing | 0.7 | 0.0 | 2.1 | 1.7 |
| Electricity, gas, steam and air conditioning supply | 0.0 | 2.9 | 0.9 | 1.6 |
| Water supply; sewerage, waste management and remediation activities | 0.2 | 0.0 | 0.9 | 0.9 |
| Services | 1.1 | 0.1 | 1.7 | 1.5 |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 0.5 | 0.3 | 1.7 | 1.5 |
| Transportation and storage | –0.5 | 1.3 | 0.5 | 1.4 |
| Accommodation and food service activities | 0.7 | 0.5 | 1.5 | 1.4 |
| Information and communication | 1.5 | –0.4 | 2.4 | 1.3 |
| Financial and insurance activities | 1.5 | –0.7 | 1.5 | 1.2 |
| Real estate activities | –0.2 | 1.6 | 1.8 | 2.8 |
| Professional, scientific and technical activities | 2.5 | –0.9 | 2.4 | 1.4 |
| Administrative and support service activities | 1.5 | 0.4 | 1.4 | 2.2 |
| Construction | 0.7 | –0.3 | 1.2 | 1.1 |
| TOTAL | 0.9 | 0.1 | 1.8 | 1.6 |
- Field: non-agricultural market sector excluding household services
- Sources: ACOSS. DARES. INSEE
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