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.