Wages & salaries in the Euro Area rose 2.6 percent year-on-year in the third quarter of 2019 (vs 2.8 percent in Q2) and non-wage costs went up 2.6 percent (vs 2.9 percent in Q2). Wage Growth in the Euro Area averaged 1.87 percent from 2009 until 2019, reaching an all time high of 3.40 percent in the second quarter of 2009 and a record low of 0.80 percent in the third quarter of 2010. source: Eurostat

Wage Growth in Euro Area is expected to be 2.40 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 2.60 in 12 months time. In the long-term, the Euro Area Wage Growth is projected to trend around 2.60 percent in 2020, according to our econometric models.

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Euro Area Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.80 3.40 0.80 2009 - 2019 percent Quarterly
WDA



Calendar GMT Actual Previous Consensus TEForecast
2019-03-19 10:00 AM Q4 2.3% 2.3% 2.5%
2019-06-17 09:00 AM Q1 2.5% 2.3% 2.2%
2019-09-13 09:00 AM Q2 2.7% 2.7% 2.3%
2019-12-16 10:00 AM Q3 2.6% 2.8% 2.6%
2020-03-17 10:00 AM Q4 2.6% 2.4%


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.

Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.50 7.50 12.10 7.30 percent [+]
Employed Persons 160.13 160.01 160.13 117.36 Million [+]
Unemployed Persons 12219.00 12230.00 19203.00 11393.00 Thousand [+]
Long Term Unemployment Rate 3.20 3.30 6.30 2.70 percent [+]
Youth Unemployment Rate 15.60 15.60 24.80 14.80 percent [+]
Labour Costs 103.50 110.90 110.90 83.40 points [+]
Productivity 102.10 105.20 105.30 82.60 points [+]
Wages 1868.00 1859.00 1868.00 1177.00 EUR/Month [+]
Wage Growth 2.60 2.80 3.40 0.80 percent [+]
Population 341.15 340.54 341.15 260.38 Million [+]
Employment Change 0.10 0.20 0.70 -0.80 percent [+]
Full Time Employment 116318.80 115278.50 118849.00 107485.60 Thousand [+]
Labor Force Participation Rate 57.30 57.10 57.40 55.00 percent [+]
Part Time Employment 31533.60 31875.10 31875.10 19769.20 Thousand [+]
Retirement Age Men 64.36 64.27 64.36 62.24 [+]
Retirement Age Women 63.96 63.86 63.96 61.66 [+]