Wages & salaries in the Euro Area rose 2.3 percent year-on-year in the fourth quarter of 2019 (vs 2.6 percent in Q3) and non-wage costs went up 2.4 percent (vs 2.6 percent in Q3).

Wage Growth in the Euro Area averaged 1.88 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. 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 May of 2020. source: Eurostat

Wage Growth in Euro Area is expected to be 2.50 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 2.40 in 12 months time. In the long-term, the Euro Area Wage Growth is projected to trend around 2.60 percent in 2021, according to our econometric models.

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Euro Area Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.60 3.40 0.80 2009 - 2019 percent Quarterly
WDA


Calendar GMT Actual Previous Consensus TEForecast
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 2.3% 2.6% 2.4%
2020-06-16 09:00 AM Q1 2.3% 2.5%
2020-09-15 09:00 AM Q2 2.5%
2020-12-16 10:00 AM Q3 2.6%
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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.