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 - Thursday 23 May 2024 09:00

Previous
4.46%
Revised
4.45%
Actual
4.69%

Trading range

Past events

Date
Actual
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
Consumer Price Index (EU norm) (YoY)Bearish change2.7%2.6%
Industrial Production s.a. (MoM)Bearish change0.5%-0.1%
Harmonized Index of Consumer Prices (YoY)(no change)3.8%3.8%
Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Harmonized Index of Consumer Prices (YoY)(no change)2.8%2.8%
Sentix Investor ConfidenceBullish change-3.60.3
Employment Change (QoQ)(no change)0.3%0.3%
Gross Domestic Product s.a. (QoQ)Bullish change-0.1%0.3%
Gross Domestic Product s.a. (YoY)(no change)0.4%0.4%
Industrial Production n.s.a. w.d.a. (YoY)Bullish change-4.3%-3.9%
Industrial Production s.a. (MoM)Bullish change-0.4%-0.1%
Trade Balance s.a.Bearish change€22.3B€22.1B
Retail Sales (MoM)Bearish change0.7%-0.5%
Retail Sales (YoY)Bearish change0.7%0%
Factory Orders n.s.a. (YoY)Bullish change-2.4%-1.6%
Factory Orders s.a. (MoM)Bullish change-0.8%-0.2%
Producer Price Index (MoM)Bearish change-0.5%-1%
Producer Price Index (YoY)Bullish change-7.8%-5.7%
HCOB Composite PMIBearish change52.352.2
HCOB Composite PMIBullish change52.252.4
HCOB Services PMIBullish change53.954.2
HCOB Services PMIBullish change56.256.9
Unemployment ChangeBearish change11K25K
Unemployment Rate s.a.(no change)5.9%5.9%
HCOB Manufacturing PMI(no change)45.445.4
HCOB Manufacturing PMIBearish change47.345.6
HCOB Manufacturing PMIBullish change52.254

About Negotiated Wage Rates (QoQ)

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