All monitored sectors of the economy, with the exception of real estate activities, recorded an increase in both nominal and real wages. The strongest real term increases took place in education, manufacturing, financial and insurance activities. The average nominal monthly wage of an employee in the second quarter of 2024 increased year-on-year by 7.1% to € 1,520. This means that in gross terms employees received on average € 101 more than in the same period of the previous year. Compared to the previous quarter, growth slowed down for the second time in a row. Nonetheless, the still relatively significant increase in nominal wages, together with falling inflation, meant that real wages grew for the third consecutive quarter. After adjusting the inflation rate, real wages rose by 4.9% in the second quarter of 2024. The seasonally adjusted nominal average wage increased by 1.2% compared to the 1st quarter of 2024.
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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.