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Italy bottom in EU for labour-cost competitiveness

100 euros of labout costs generated 126% of added value in 2010

11 February, 11:37
Italy bottom in EU for labour-cost competitiveness (ANSA) - Rome, February 11 - Italy is the bottom of the European Union when it comes to the competitiveness of labour costs, national statistics agency Istat said in a report Tuesday. Istat said every 100 euros an Italian business spent on labour costs in 2010, the most recent year in which there is comparative data for the rest of the EU, generated added value of 126%.

This was lowest in the EU and way behind the figure of 211.7% for Romania. Istat said that labour-cost competitiveness improved in 2011, with every 100 euros of labour costs generating 128.5% of added value.

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