Euro Area Labor Costs Confirmed at Slowdown âšī¸
Hourly labor costs in the Euro Area rose by 4.6% year-over-year in Q3 2024, slowing from the previous quarter's upwardly revised 5.2% rise, in line with preliminary estimates.
The article provides information about the labor cost trends in the Euro Area, which is a neutral factor for the given investment portfolio. The portfolio has exposure to European and global markets, but the impact of this labor cost data is likely to be limited, as it does not significantly change the overall economic outlook or the performance of the specific assets in the portfolio.