According to Istat in the third quarter of 2011 the seasonally adjusted index of gross salaries for equivalent full-time work units (Ula), net of layoffs (IGC), registers, in overall industry and services, an increase of 0.3% compared to the previous quarter. The variation from the third quarter of 2010, measured on the raw index, is equal to +1.4%. The seasonally adjusted index of social burdens increased by 0.3% compared to the previous quarter. The raw index increased by 2.2% compared to the same quarter the previous year. As the seasonally adjusted indexes of earnings and burdens, the labour cost index marks an increase of 0.3% in economic terms. In trend terms, the growth of the raw index is equal to 1.5%.
In comparison with the same quarter the previous year, the wages increase is 2.2% in industry and the 0.7% in services. The trend growth of earnings is more marked in the field of extraction of minerals from quarries and mines (+4.1%), due, among other things, to the provision of significant exodus incentives in some large companies. There is, however, a decline in the sector of transport and storage (-1.8%), due to the postponement of performance prizes usually delivered by some large companies in the third quarter of the year.
Download the methodological note