Spain Labour Costs

Spain · Quarterly series · EC-ES-LC

Latest, Q2 2026

120.3 pts

+5.2% from Q1 2026

Open interactive chartSpain Labour Costs in the app

132.993.5554.2Q1 2000Q2 2027
History through Q2 2026, the forecast path to Q2 2027 (dashed) and its 80% interval (shaded).

Forecast

Forecast for Q2 2027: 123.9 pts, with an 80% interval of 114.7 pts to 132.9 pts.

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
Q3 2026123.9 pts122.0 pts126.0 pts
Q4 2026127.1 pts122.8 pts132.0 pts
Q1 2027117.9 pts112.8 pts123.2 pts
Q2 2027123.9 pts114.7 pts132.9 pts

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-14.

AI confidence

Needs refresh

The data refresh is due. Confidence will be reassessed against the refreshed history.

Model: Agentic Investor TSFM (foundation model)

Accuracy vs naive
n/aNot evaluated
Direction
n/aNot evaluated
Turning points
n/aNot evaluated
How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Model comparison

Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.

Reading

It is above 97% of the 39 earlier readings since Q3 2016.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
Q2 2026120.3 pts
Q1 2026114.3 pts
Q4 2025123.5 pts
Q3 2025118.9 pts
Q2 2025115.2 pts
Q1 2025108.7 pts
Q4 2024118.8 pts
Q3 2024116.6 pts
Q2 2024111.1 pts
Q1 2024104.8 pts
Q4 2023114.8 pts
Q3 2023110.8 pts
Q2 2023106.9 pts
Q1 2023100.0 pts
Q4 2022108.9 pts
Q3 2022105.1 pts
Q2 2022101.1 pts
Q1 202295.6 pts
Q4 2021105.0 pts
Q3 2021102.7 pts
Q2 202198.7 pts
Q1 202193.3 pts
Q4 2020104.2 pts
Q3 2020101.6 pts

Source

Data: public market data feeds.

More from Agentic Investor

Also stored for Spain