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Eurozone Wages YoY
Latest Release
Sep 16, 2024
Actual4.50%
Previous5.20%
Breakdown of total nominal hourly labour costs, whole economy: wages.% change from previous year, not seasonally adjusted. In addition to employees gross earnings, total labour costs include indirect costs such as employers social contributions and taxes connected to the employment. Gross earnings or wages arethose paid directly and regularly by the employer at the time of each wage payment. They include the value of any social contributions, income taxes, etc. payable by the employee, even if actually withheld by the employer and paid directly to social insurance schemes, tax authorities, etc. on behalf of the employee. Hourly labour cost indices show the short-term development of the total cost for employers of employing the labour force.
These indices are
calculated by Member States using jointly-agreed definitions. When calculating these indices, all enterprises, whatever their size, and all employees should be taken into account.Labour costs include gross wages and salaries, employers social contributions and taxes net of subsidies connected to employment. Labour costs here do not include costs for occupational training or other costs such as
those for canteens or recruitment.Hourly labour costs are obtained by dividing the total of these costs for all employees in a defined country by all hours worked by these employees. Here, instead of hours worked, hours paid/number of employees might have been used as a measure of volume of labour.""
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Sep 16, 2024 (Q2) | 04:00 | 4.50% | 5.20% | ||
| Jun 17, 2024 (Q1) | 04:00 | 5.30% | 3.20% | ||
| Mar 19, 2024 (Q4) | 05:00 | 3.10% | 5.20% | ||
| Dec 15, 2023 (Q3) | 05:00 | 5.30% | 4.60% | ||
| Sep 15, 2023 (Q2) | 04:00 | 4.60% | 4.90% | ||
| Jun 16, 2023 (Q1) | 04:00 | 4.60% | 3.30% | 5.00% |
News
ECB expected to stand pat on rates; inflation forecast eyed
By Investing.com - May 31, 2016
Investing.com – As markets turned their eyes towards the European Central Bank’s (ECB) monetary policy decision on Thursday, the uptick in euro zone inflation data released on Tuesday...
Analysis
Week Ahead – ECB Set to Hold Rates, Plethora of Data on the Way
By Trading Point - Jul 12, 2024
ECB is not expected to cut in July but will it signal one for next meeting? Retail sales will be the main highlight in the United States UK CPI report will be vital for BoE’s August...
Eurozone PMI Remains Positive But Reveals Grim Details
By ING Economic and Financial Analysis - Mar 27, 2022
A record surge in energy prices is the most immediate impact of the Ukraine war on the eurozone economy, and is set to have a significant weakening effect on GDP in the months ahead.The most important...
Bond Yields Waver, Buffeted By War Fears, Inflation, Central Bank Policies
By Darrell Delamaide - Mar 15, 2022
Investors felt optimistic enough on Monday about a resolution of the Ukraine conflict that they dumped US Treasuries as concerns about inflation and the Federal Reserve’s impending cycle of...
Wages in euro zone (YoY) Discussion
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