Wages & salaries in the Euro Area grew by 3.4 percent over a year earlier in the first quarter of 2020, following an upwardly revised 2.4 percent gain in the previous period. It was the largest rise in wages & salaries since the second quarter of 2009. The non-wage component rose by 3.6 percent, faster than a 2.2 percent increase in the last quarter of 2019.
Wage Growth in the Euro Area averaged 1.91 percent from 2009 until 2020, 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 August of 2020. source: Eurostat
Wage Growth in Euro Area is expected to be -2.60 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 1.10 in 12 months time. In the long-term, the Euro Area Wage Growth is projected to trend around 1.50 percent in 2021 and 1.70 percent in 2022, according to our econometric models.