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.