Wages and salaries in the Euro Area increased 2.1% percent year-on-year in the third quarter of 2022, following a downwardly revised 3.2% advance in the previous three-month period. It was the fifth consecutive quarter of increases in wages in salaries but at the slowest pace since the second quarter of 2021. Among Eurozone's largest economies, wage growth slowed in Spain (2.5% vs 2.9% in Q2) and Italy (1.8% vs 2.9%), while Germany posted a decrease (-1.5% vs 3%). On the other hand, wages rose faster in France (4.4% vs 2.6%). source: EUROSTAT
Wage Growth in Euro Area averaged 2.04 percent from 2009 until 2022, reaching an all time high of 3.90 percent in the first quarter of 2020 and a record low of -0.60 percent in the second quarter of 2021. This page provides the latest reported value for - Euro Area Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Wage Growth in Euro Area is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Wage Growth is projected to trend around 1.70 percent in 2024 and 2.20 percent in 2025, according to our econometric models.