Luxembourg -Wage trend stays very moderate -November 03, 2015

The average wage costs increased by only 0.8 percent in the first half of 2015, according to figures released by the statistical office Statec. This increase is particularly low compared to previous years: 2.9% in 2014 and 3.6% in 2013. The reasons for the weak increase are multiple, according to Statec: first, the country is following the prevailing euro zone trend towards moderate wages, due to low inflation. Moreover, there was no indexation of wages since late 2013, which mechanically limits the upward pressure on wages.

English: http://www.statistiques.public.lu/catalogue-publications/conjoncture-flash...    

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.