Higher salaries have increased German labour costs by a calendar adjusted 2.6% in 2012 compared to the previous year, reports the German Federal Statistics Office.

 

The increase in labour costs was significantly above the average rise between 2002-11, where employee costs grew by 1.6%, the rises between 2002 and 2007 rose at the slightly slower pace of 1.3%, but that has accelerated at the latter part of the decade to 2.1% from 2008 to 2011.

 

Throughout ...


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