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.

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Euro Area Wage Growth

Calendar GMT Actual Previous Consensus TEForecast
2022-09-15 09:00 AM Q2 4.1% 3.7% 5.8%
2022-12-19 10:00 AM Q3 2.1% 3.2% 4.1%
2023-03-17 10:00 AM Q4 2.1% 2.5%

Related Last Previous Unit Reference
Unemployment Rate 6.50 6.50 percent Nov 2022
Unemployed Persons 10849.00 10851.00 Thousand Nov 2022
Long Term Unemployment Rate 2.60 2.70 percent Sep 2022
Youth Unemployment Rate 15.10 15.00 percent Nov 2022
Labour Costs 112.40 119.20 points Sep 2022
Productivity 104.89 104.47 points Sep 2022
Wages 2031.00 2000.00 EUR/Month Jun 2022
Wage Growth 2.10 3.20 percent Sep 2022
Population 342.56 342.41 Million Dec 2021
Employment Change 0.30 0.30 percent Sep 2022
Part Time Employment 30979.70 31480.30 Thousand Sep 2022
Labor Force Participation Rate 74.90 74.70 percent Sep 2022
Full Time Employment 120744.00 119698.70 Thousand Sep 2022

Euro Area Wage Growth
In the Euro Area, wage growth refers to the change in the total remuneration, in cash or in kind, payable to all persons counted on the payroll (including home workers), in return for work done during the accounting period, regardless of whether it is paid on the basis of working time, output or piecework and whether it is paid regularly.
Actual Previous Highest Lowest Dates Unit Frequency
2.10 3.20 3.90 -0.60 2009 - 2022 percent Quarterly