ECB: Euro area’s negotiated wages increase by 3.55% YoY in Q2 2024 vs. 4.74% in Q1
|The European Central Bank (ECB) released its indicator of the Euro area’s negotiated wages data for the second quarter of 2024 on Thursday.
Data showed that the Euro area negotiated wages increased at an annual pace of 3.55% in Q2 2024 after rising 4.74% in the first quarter of this year.
Market reaction to the EU negotiated wages data
The slowdown in the EU negotiated wage growth checks gains in the Euro, as EUR/USD stalls its rebound to trade near 1.1140, as of writing.
About ECB indicator of negotiated wage growth
The ECB indicator of negotiated wage growth is computed for a subset of countries only. The euro area aggregate is based on nine countries: Germany, France, Italy, Spain, the Netherlands, Belgium, Finland, Austria and Portugal. The indicator relies on data for negotiated monthly earnings. The euro area indicator is based on a mixture of monthly and quarterly time series and is based on non-harmonised country data.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.