Eurostat released its labour costs data for the Eurozone on Friday. Hourly labour costs in the Eurozone rose at an annual rate of 1.3% in the fourth quarter, after a 1.1% gain in the previous quarter.

Wages and salaries per hour climbed 1.5% year-on-year in the fourth quarter, while non-wage costs gained 0.7%.

In the fourth quarter of 2015, hourly labour costs increased 1.2% year-on-year in industry, 0.5% in construction, 1.3% in services, while 1.6% in the mainly non-business economy.