Wages in the European Union increased 2.7 percent year-on-year in the third quarter of 2018, following a 2.8 percent growth in the previous period. Wage Growth in European Union averaged 1.94 percent from 2009 until 2018, reaching an all time high of 3.60 percent in the second quarter of 2009 and a record low of 0.90 percent in the third quarter of 2010.
Wage Growth in European Union is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in European Union to stand at 2.50 in 12 months time. In the long-term, the European Union Wage Growth is projected to trend around 2.40 percent in 2020, according to our econometric models.