Wages in Germany decreased 4.70 percent in June of 2020 over the same month in the previous year.
Wage Growth in Germany averaged 0.41 percent from 1992 until 2020, reaching an all time high of 6 percent in the third quarter of 1992 and a record low of -4.70 percent in the second quarter of 2020. This page provides the latest reported value for - Germany Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Real Wage Growth YoY - values, historical data and charts - was last updated on September of 2020. source: Federal Statistical Office
Wage Growth in Germany is expected to be -1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Germany to stand at 0.60 in 12 months time. In the long-term, the Germany Real Wage Growth YoY is projected to trend around 1.10 percent in 2021 and 1.50 percent in 2022, according to our econometric models.