Negotiated Wage Growth EUR

About this indicator

In the Euro Area, the Negotiated Wage Growth indicator refers to the weighted average of the national year-on-year growth rates of collectively agreed wages. It is designed to capture the outcome of collective bargaining processes and to provide a timely indicator of possible wage pressures (without the effect of wage drift, i.e. the difference between negotiated and actual wages). The data are based on the most suitable and timely available country data (a mixture of monthly and quarterly series): monthly data are available for seven countries (Germany, Spain, Italy, Netherlands, Austria, Portugal and Slovenia, representing 69% of the euro area) and quarterly data for three countries (Belgium, France, Finland, representing 29% of the euro area).