Germany Hourly Wages in Manufacturing Index - Forecast

Wages in Manufacturing in Germany is expected to be 112.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in Germany to stand at 114.00 in 12 months time. In the long-term, the Germany Hourly Wages in Manufacturing Index is projected to trend around 115.00 Index Points in 2020, according to our econometric models.


Germany Hourly Wages in Manufacturing Index
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Germany Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.4 3.6 3.7 3.8 3.8 4
Employed Persons 44684 44790 44800 44850 44900 45900
Unemployed Persons 2276 2430 2490 2520 2550 2710
Unemployment Change -15 11 7 11 15 15
Long Term Unemployment Rate 1.5 1.8 2 2 2.1 2.3
Youth Unemployment Rate 6.1 5.7 5.4 5.5 5.6 6.4
Productivity 105 105 106 107 107 111
Labour Costs 113 115 116 116 117 120
Job Vacancies 660 687 670 691 685 640
Wages 3809 3920 3940 3980 4000 4110
Wages in Manufacturing 113 112 112 113 114 115
Wage Growth 1.1 1.2 1.4 1.5 1.5 1.8
Minimum Wages 8.84 8.84 8.84 9.5 9.5 9.5
Population 82.85 82.85 82.85 83.14 83.14 83.45
Retirement Age Women 65.58 65.58 65.58 65.67 65.67 65.75
Retirement Age Men 65.58 65.58 65.58 65.67 65.67 65.75
Labor Force Participation Rate 61 62 62 62.4 62.6 64
Living Wage Family 1990 2000 2000 2150 2150 2200
Living Wage Individual 1240 1300 1300 1360 1360 1450
Wages Low Skilled 2050 2140 2140 2200 2200 2280
Wages High Skilled 3550 3650 3650 3700 3700 3750
Part Time Employment 10846 11400 11800 12000 12100 13500
Employment Change 0.4 0.4 0.4 0.5 0.5 0.3
Employment Rate 75.4 75.6 75.9 76 75.9 75.4
Full Time Employment 29621 30500 31200 31400 31500 32500