Nominal labour costs in Spain have increased +2.1% in Q1 2019, compared to 0.9% in Q4 2018. It is the largest increase since Q4 2103 (+2.1%).
Spain ended 2017 with a loss of price-competitiveness at an accumulated level in comparison with the EU (0.8%), as well as with the OECD (1.5%) and the BRIC countries – Brazil, Russia, India, China and South Africa – (0.5%), according to the Index for the Trend in Competitiveness (ITC).
Spain’s economy has registered a gain in external competitiveness compared to the EU, the OECD and BRICS countries, based on the Consumer Prices Index (CPI).
The Corner | April 2, 2015 | La Caixa Research | Competitiveness gains in the Spanish economy are set to persist as wage increases continue to lag behind other euro zone countries.