He European Central Bank (ECB) on Tuesday published its indicator of negotiated wages data for the euro area for the last quarter of 2023.
Data has shown that euro zone negotiated wages grew at an annual rate of 4.50% in the fourth quarter of 2023, slowing from the 4.70% increase recorded in the third quarter.
About the ECB indicator on the growth of negotiated wages
The ECB's indicator of negotiated wage growth is calculated only for a subset of countries. The euro area aggregate is based on nine countries: Germany, France, Italy, Spain, the Netherlands, Belgium, Finland, Austria and Portugal. The indicator is based on monthly traded earnings data. The euro area indicator is based on a mix of monthly and quarterly time series and non-harmonized country data.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
