Eurozone Wage Growth Slows in Q1

2025-06-16 09:32 By Joana Ferreira 1 min. read

Wages across the Eurozone rose by 3.4% year-on-year in the first quarter of 2025, easing from a 4.1% increase in the previous quarter.

This marked the slowest pace of wage growth since Q3 2022, offering some relief to the European Central Bank as it adopts a cautious, wait-and-see stance amid waning inflationary pressures and muted economic momentum.

Among the region’s largest economies, wage growth decelerated notably in Germany (2.8% vs 4.4% in Q4 2024), Italy (3.9% vs 4.4%), and the Netherlands (5.6% vs 6.2%).

In contrast, Spain and France saw modest accelerations, with wages rising 3.7% (up from 3.4%) and 1.9% (up from 1.8%), respectively.



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