Eurostat released its labour costs data for the Eurozone on Wednesday. Hourly labour costs in the Eurozone rose at an annual rate of 1.6% in the second quarter, after a 1.9% gain in the previous quarter.

Wages and salaries per hour climbed 1.9% year-on-year in the second quarter, while non-wage costs gained 0.4%.

In the second quarter of 2015, hourly labour costs increased 2.0% year-on-year in industry, 1.1% in construction, 1.5% in services, while 1.4% in the mainly non-business economy.