The costs of wages and salaries per hour worked in the Euro Area grew by 2.2 percent year-on-year in the third quarter of 2021, easing from a 3.5 percent increase in the previous three-month period. source: EUROSTAT
Wage Growth in the Euro Area averaged 2.03 percent from 2009 until 2021, reaching an all time high of 5 percent in the second quarter of 2020 and a record low of 0.80 percent in the third quarter of 2010. 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 July of 2021.
Wage Growth in Euro Area is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Euro Area to stand at 4.60 in 12 months time. In the long-term, the Euro Area Wage Growth is projected to trend around 2.90 percent in 2022 and 2.00 percent in 2023, according to our econometric models.