France hourly labour cost index: financial and insurance
France hourly labour cost index: financial and insurance stood at 121 in Q2 2026, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Wages and labour cost table (Value · Quarterly), with a complete series running from Q1 1998 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Wages and labour cost table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Labour cost index | |||||||||||
| hourly costs - Financial and insurance activities (NAF rev. 2 item K) | 121 | 121.6 | 118.6 | 117.1 | 116.7 | 117.4 | 115 | 114.3 | 112.5 | 112 | |
| hourly costs - Real estate services (NAF rev. 2 item L) | 112 | 112.1 | 111.4 | 109.6 | 109.3 | 109.2 | 107.5 | 106.5 | 105.6 | 104.2 |
Understanding france hourly labour cost index: financial and insurance
This series measures total hourly employer costs for personnel working in banking, monetary intermediation, insurance underwriting, pension funding, and auxiliary financial services. The computation aggregates base salaries, annual performance incentives, institutional bonuses, and mandatory social contributions per hour actually worked by financial analysts, insurance brokers, bank tellers, and administrative personnel. It isolates the financial sector from real estate and general business services.
Annual bonus cycles in financial institutions heavily concentrate variable compensation payouts in specific quarters, requiring careful interpretation of sequential quarterly changes. Initial estimates are frequently adjusted as financial corporations reconcile complex annual remuneration audits with statistical agencies. Analysts should compare these figures with caution, as high base-plus-bonus structures distinguish financial remuneration from hourly wages in operational sectors.
Frequently asked questions
- What financial institutions are included in this metric?
- It encompasses banks, credit institutions, insurance carriers, pension funds, and financial market brokerages.
- Why do bonus payouts matter for reading this index?
- Annual performance bonuses are heavily concentrated in specific quarters, causing sharp spikes in hourly compensation measures.
- How do early estimates change upon revision?
- Preliminary figures are updated as financial institutions finalize complex remuneration audits and regulatory social returns.