Negotiated Wage Rates (QoQ)

Negotiated Wage Rates, published by the European Central Bank (ECB) on a quarterly basis, is a data designed for the purpose of estimating wage drift in the Euro area and it's considered to provide a useful statistical representation of contractual basic pay. A steady increase in this data could be seen as an inflationary development and influence the ECB to cling to a tight monetary policy, supporting the Euro, and vice versa.

Most recent - Tuesday 25 February 2025 10:00

Previous
5.42%
Revised
5.43%
Actual
4.12%

Trading range

Announcement history

The most recent announced value for Negotiated Wage Rates (QoQ) was 4.12%.

Past events

Date
Actual
Tuesday 25 February 2025 10:00
4.12%
Wednesday 20 November 2024 10:00
5.42%
Thursday 22 August 2024 09:00
3.55%
Thursday 23 May 2024 09:00
4.69%
Tuesday 20 February 2024 10:00
4.46%

Economic context

Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next Negotiated Wage Rates (QoQ) result:

PreviousLatest
Harmonized Index of Consumer Prices (YoY)(no change)2.9%2.9%
Consumer Price Index (EU norm) (YoY)(no change)0.9%0.9%
Harmonized Index of Consumer Prices (MoM)Bearish change0.6%0.5%
Harmonized Index of Consumer Prices (YoY)Bearish change2.8%2.6%
Industrial Production s.a. (MoM)Bullish change-0.4%0.8%
10-y Bond AuctionBearish change2.52%2.92%
Sentix Investor ConfidenceBullish change-12.7-2.9
Industrial Production n.s.a. w.d.a. (YoY)Bullish change-2.2%-1.6%
Industrial Production s.a. (MoM)Bullish change-1.5%2%
Trade Balance s.a.Bearish change€20.7B€16B
Employment Change (QoQ)(no change)0.1%0.1%
Gross Domestic Product s.a. (QoQ)Bullish change0.1%0.2%
Gross Domestic Product s.a. (YoY)Bullish change0.9%1.2%
Factory Orders n.s.a. (YoY)Bullish change-6.9%-2.6%
Factory Orders s.a. (MoM)Bearish change5.9%-7%
Retail Sales (MoM)Bearish change0%-0.3%
Retail Sales (YoY)Bearish change1.9%1.5%
Producer Price Index (MoM)Bullish change0.5%0.8%
Producer Price Index (YoY)Bullish change0.1%1.8%
Gross Domestic Product (QoQ)Bullish change0%0.1%
Gross Domestic Product (YoY)Bullish change0.5%0.6%
HCOB Composite PMI(no change)50.250.2
HCOB Composite PMIBearish change5150.4
HCOB Services PMIBearish change52.251.1
HCOB Services PMIBullish change54.956.2
Unemployment Rate(no change)6.2%6.2%
Core Harmonized Index of Consumer Prices (MoM)Bullish change-0.9%0.6%
Core Harmonized Index of Consumer Prices (YoY)Bearish change2.7%2.6%
Harmonized Index of Consumer Prices (MoM)Bullish change-0.3%0.5%
Harmonized Index of Consumer Prices (YoY)Bearish change2.5%2.4%
HCOB Manufacturing PMIBullish change46.146.5
HCOB Manufacturing PMIBullish change46.347.4
HCOB Manufacturing PMIBearish change50.949.7
Consumer Price Index (MoM)Bullish change-0.2%0.4%
Consumer Price Index (YoY)(no change)2.3%2.3%
Harmonized Index of Consumer Prices (MoM)Bullish change-0.2%0.6%
Harmonized Index of Consumer Prices (YoY)(no change)2.8%2.8%
Consumer Price Index (EU Norm) (YoY)(no change)1.7%1.7%
Consumer Price Index (YoY)Bullish change1.5%1.7%

About Negotiated Wage Rates (QoQ)

Country:Eurozone
Currency:EUR
Source:European Central Bank
Category:Labor Market
Frequency:Quarterly
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