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EUR, Euro

Wage Costs y/y

Country: European Union
Source: Eurostat
Sector: Labor
Medium 2.0% 1.4%
1.3% Revised from 1.4%
Last release Importance Actual Forecast
Previous
1.4%
2.0%
Next release Actual Forecast
Previous

The Wage Costs y/y indicator measures a change in the average earnings of EU employees in the specified month compared to the same month of the previous year. The calculation includes the basic salary paid by employers and excludes bonuses and additional payments. Wages growth is a measure of inflation in the euro zone. The index provides an outlook for future consumer spendings. A higher than expected value contributes to EUR growth.

Chart

History

Export
Date (GMT)
Reference
Actual
Forecast
Previous
2 Q 2017
2.0%
1.4%
1.3% Revised from 1.4%
1 Q 2017
1.4%
1.6%
4 Q 2016
1.6%
1.5% Revised from 1.6%
3 Q 2016
1.6%
0.9%
2 Q 2016
0.9%
1.7% Revised from 1.8%
1 Q 2016
1.8%
1.5%
4 Q 2015
1.5%
1.5% Revised from 1.4%
3 Q 2015
1.4%
2.0% Revised from 1.9%
2 Q 2015
1.9%
2.0% Revised from 2.2%
1 Q 2015
2.2%
1.1% Revised from 1.0%
12