Wage Costs y/y show 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. Indicator increase contributes to EUR growth.
The chart of the entire available history of the "European Union Wage Costs y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.