Labour cost competitiveness indices have been updated with employment series defined in terms of persons

Chapter 20. Exchange rates and competitiveness indices

With January publication of competitiveness indices contained in tables 20.6-20.7 of the Statistical Bulletin (and in tables 9.4 and 9.5 of the Economic Indicators section), unit labour costs series (total and manufacturing) have been updated, taking into account series obtained from Spanish National Accounts (INE), with employment series defined in terms of persons, instead of full-time equivalent, as it was the case until now. In general this change has not significant effects in the results and it allows to achieve full consistency with the data used in the index for other countries. in new window

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