The ECB’s wage tracker, which covers active collective bargaining agreements, points to negotiated wage growth of 2.2% in 2026, while the headline tracker shows growth of 2.7% in the first quarter of 2027 and 2.8% in the second quarter. This compares with 3% growth in 2025. source: European Central Bank

Wage Tracker In the Euro Area increased to 2.80 percent in the second quarter of 2027 from 2.70 percent in the first quarter of 2027. Wage Tracker in Euro area averaged 2.30 percent from 2013 until 2027, reaching an all time high of 5.20 percent in the fourth quarter of 2024 and a record low of 1.20 percent in the first quarter of 2021. ECB Wage Tracker - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Related	Last	Previous	Unit	Reference
Inflation Rate YoY	3.80	3.20	percent	Sep 2026
ECB Interest Rate	2.65	2.40	percent	Sep 2026
Negotiated Wage Growth	2.44	2.56	percent	Jun 2026
Unemployment Rate	6.40	6.40	percent	Aug 2026
Wage Growth YoY	3.00	3.40	percent	Jun 2026
Wages	2708.00	2652.00	EUR/Month	Mar 2026

ECB Wage Tracker

The ECB Wage Tracker is a tool developed by the European Central Bank and several euro area national central banks to monitor wage developments across the euro area. It is based on detailed data from collective bargaining agreements in eight countries and helps assess wage pressures by aggregating national indicators using compensation-weighted data. The tracker is forward-looking but subject to revisions as new information becomes available.