Eurostat released its labour costs data for the Eurozone on Thursday. Hourly labour costs in the Eurozone rose at an annual rate of 1.1% in the third quarter, after a 1.6% gain in the previous quarter.

Wages and salaries per hour climbed 1.4% year-on-year in the third quarter, while non-wage costs gained 0.1%.

In the third quarter of 2015, hourly labour costs increased 1.3% year-on-year in industry, 0.8% in construction, 1.2% in services, while 0.8% in the mainly non-business economy.