Main Economic Indicators, Volume 2011 Issue 1
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Main Economic Indicators, Volume 2011 Issue 1

The monthly Main Economic Indicators (MEI) presents comparative statistics that provide an overview of recent international economic developments for the  OECD countries and a number of non-member economies. This indispensable and unique source of key short-term statistics is a valuable vehicle for economic analysis. Using the most up-to-date, user-friendly graphical and tabular presentation, the indicators cover national accounts, business surveys and consumer opinions, leading indicators, retail sales, production, construction, prices, employment, unemployment, wages, finance, foreign trade and balance of payments.

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Table 32 – Unit labour cost: industry percentage change over previous period

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Main Economic Indicators, Volume 2011/1, January© OECD 2011

32Unit labour cost: industry, percentage change over previous period
 Trend cycle
 
 
 
 2008
 2009
 2010
 2007
 2008
 2009
 Q3
 Q4
 Q1
 Q2
 Q3
 Q4
 Q1
 Q2
 Q3
 
Australia
3.3
 
6.0
 
2.7
 
2.4
 
2.8
 
0.8
 
-1.4
 
-1.2
 
-0.5
 
0.2
 
0.9
 
..
 
 
Austria
-0.8
 
2.0
 
10.5
 
3.0
 
5.2
 
4.9
 
1.5
 
-1.8
 
-1.4
 
-0.2
 
-0.7
 
..
 
 
Belgium
-0.4
 
3.3
 
2.7
 
1.1
 
1.3
 
1.1
 
0.3
 
-0.3
 
-0.4
 
0.0
 
0.7
 
..
 
 
Canada
3.1
 
5.6
 
1.4
 
0.0
 
0.2
 
0.7
 
1.2
 
-0.3
 
-1.7
 
-1.1
 
-0.8
 
..
 
 
Chile
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Czech Republic
0.3
 
-0.4
 
2.8
 
-0.5
 
1.8
 
2.4
 
0.6
 
-0.9
 
-1.4
 
-1.1
 
-0.1
 
..
 
 
Denmark
6.8
 
4.5
 
3.7
 
1.2
 
2.0
 
2.1
 
0.4
 
-1.3
 
-1.4
 
-1.6
 
-2.1
 
..
 
 
Estonia
11.2
 
12.1
 
9.5
 
2.2
 
5.2
 
5.6
 
2.3
 
-3.1
 
-6.9
 
-5.0
 
-1.3
 
..
 
 
Finland
-5.2
 
3.4
 
4.1
 
2.1
 
2.5
 
1.3
 
0.3
 
-0.8
 
-1.5
 
-1.2
 
-0.7
 
..
 
 
France
1.4
 
2.4
 
3.2
 
0.9
 
0.9
 
0.9
 
0.8
 
0.6
 
0.4
 
0.2
 
0.2
 
..
 
 
Germany
-1.8
 
4.4
 
5.7
 
1.9
 
1.5
 
1.5
 
1.6
 
0.6
 
0.3
 
-0.1
 
-0.7
 
..
 
 
Greece
3.2
 
-1.8
 
6.4
 
1.5
 
1.6
 
4.3
 
3.2
 
-3.1
 
-1.1
 
4.6
 
3.2
 
..
 
 
Hungary
0.7
 
5.9
 
8.0
 
4.6
 
4.6
 
3.0
 
0.0
 
-2.2
 
-2.1
 
-1.6
 
-2.1
 
..
 
 
Iceland
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Ireland
-3.3
 
0.4
 
-5.1
 
0.8
 
0.0
 
-1.7
 
-2.8
 
-2.7
 
-2.5
 
-2.5
 
-1.8
 
..
 
 
Israel
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Italy
2.4
 
5.9
 
5.5
 
3.9
 
3.7
 
1.6
 
-0.1
 
-1.7
 
-1.3
 
-0.2
 
-0.4
 
..
 
 
Japan
-4.1
 
-1.5
 
-1.4
 
0.1
 
-0.2
 
-0.4
 
-0.7
 
-0.7
 
-0.4
 
-0.2
 
-0.4
 
..
 
 
Korea
-0.3
 
0.9
 
1.2
 
1.6
 
3.5
 
2.2
 
-2.5
 
-4.1
 
-2.5
 
-1.2
 
-1.1
 
..
 
 
Luxembourg
-4.9
 
7.4
 
17.0
 
5.0
 
7.3
 
6.1
 
2.9
 
-0.5
 
-1.3
 
-2.1
 
-3.4
 
..
 
 
Mexico
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Netherlands
1.4
 
1.3
 
1.9
 
0.6
 
0.9
 
0.8
 
0.3
 
-0.3
 
-0.4
 
-0.3
 
0.0
 
..
 
 
New Zealand
2.6
 
3.7
 
-0.4
 
0.5
 
0.9
 
0.5
 
-1.1
 
-1.6
 
-1.6
 
-0.3
 
1.7
 
..
 
 
Norway
11.8
 
7.7
 
4.5
 
1.6
 
0.7
 
0.6
 
1.3
 
1.4
 
1.1
 
1.5
 
2.0
 
..
 
 
Poland
-0.3
 
4.4
 
1.7
 
2.7
 
2.4
 
0.9
 
-1.0
 
-2.4
 
-2.9
 
-2.8
 
-2.6
 
..
 
 
Portugal
-0.6
 
4.6
 
4.8
 
2.3
 
3.4
 
2.1
 
-0.7
 
-1.2
 
-0.8
 
-1.0
 
-0.7
 
..
 
 
Slovak Republic
-1.1
 
4.8
 
-5.6
 
5.5
 
4.2
 
-1.5
 
-7.4
 
-8.1
 
-4.1
 
0.3
 
2.5
 
..
 
 
Slovenia
0.3
 
6.3
 
8.3
 
3.5
 
3.8
 
2.9
 
1.2
 
-0.7
 
-1.7
 
-1.9
 
-2.0
 
..
 
 
Spain
4.2
 
5.2
 
2.2
 
1.0
 
0.8
 
0.4
 
0.2
 
0.2
 
0.3
 
0.6
 
0.8
 
..
 
 
Sweden
2.6
 
1.8
 
6.3
 
0.7
 
2.2
 
3.3
 
1.9
 
-0.3
 
-1.7
 
-2.7
 
-2.5
 
..
 
 
Switzerland
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Turkey
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
United Kingdom
3.4
 
5.2
 
9.0
 
0.6
 
3.4
 
3.3
 
1.4
 
2.0
 
1.9
 
1.0
 
1.3
 
..
 
 
United States
-0.8
 
3.8
 
1.3
 
1.5
 
1.2
 
0.7
 
-0.4
 
-1.6
 
-1.5
 
-0.4
 
0.3
 
..
 
 
Euro area
0.7
 
2.3
 
3.4
 
1.3
 
0.9
 
0.9
 
0.9
 
0.2
 
0.2
 
0.2
 
-0.1
 
..
 
 
Major-seven
-0.7
 
3.1
 
2.3
 
1.3
 
1.2
 
0.8
 
0.1
 
-0.7
 
-0.7
 
-0.2
 
0.0
 
..
 
 
EU27
1.2
 
4.5
 
5.3
 
1.9
 
2.3
 
1.8
 
0.8
 
-0.1
 
-0.1
 
0.0
 
-0.1
 
..
 
 
OECD-Total
0.2
 
3.3
 
2.4
 
1.3
 
1.4
 
1.0
 
0.0
 
-0.9
 
-0.7
 
-0.2
 
-0.1
 
..
 
 
Other economies
 
 
 
 
 
 
 
 
 
 
 
 
 
Brazil
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
China
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
India
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Indonesia
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Russian Federation
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
South Africa
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Note:  Detailed metadata at: http://stats.oecd.org/OECDStat_Metadata/ShowMetadata.ashx?Dataset=ULC_QUA&backtodotstat=false.
Information on data for Israel: http://dx.doi.org/10.1787/888932315602

 
 
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