Some of Europe's largest economies have seen a decrease in their labour costs during the second quarter, according to figures released by the European Central Bank.
The harmonised competitiveness indicators, which look at the price and cost competitiveness of eurozone countries, revealed that Italy, Spain and Portugal have made progress in becoming more competitive.
In the second quarter of 2013 Germany, Italy, Spain, Portugal and Slovakia saw their labour costs decrease and competitiveness increase from the first quarter of 2013.
Spain saw a real improvement in its score in the first quarter, which previously stood at 2.6% but improved to -0.4% in the second quarter.
Meanwhile Italy's score shifted from 1.9% in the first quarter to -1.2% in the second, and France saw a percentage improvement from 1.4% to -0.5%.
Slovakia also became stronger with a significant move from 1.6% to -1.4% in the second quarter across the two quarters
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