EU Sources - ECB publishes updated wage data - August 31, 2018

The ECB signals in its economic bulletin that wages in the Euro-area are on the rise. Collective wages rose 2.2% in the 2nd quarter of 2018, the highest increase since 2012. The bulletin provides economic charts with data that point to a continued upward shift from a trough in the 2nd quarter of 2016. Growth in compensation per employee increased from 1.8% in the 4th quarter of 2017 to 2.0% in the 1st quarter of 2018, confirming the recent upward trend. Growth in negotiated wages increased from 1.5% in the 4th quarter of 2017 to 1.8% in the 1st quarter of 2018. Recent wage agreements and the broadening of wage growth across sectors support the expectation of a further pick-up in wage growth. The developed wage growth follows the direction of improving labour market conditions.

Read on: in English … The ECB-Bulletin: in English …

For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) or the Head of communications at the ETUI, Willy De Backer © ETUI


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