ECB wage tracker with unsmoothed one-off payments, Euro area (changing composition), Monthly
Additional information about the time series
The ECB wage tracker with unsmoothed one-off payments is constructed using a methodology that is conceptually similar to the one used for the ECB’s indicator of negotiated wage growth. The data contain a forward-looking component, which aggregates the implied wage growth rates of active wage agreements in the contributing wage tracker countries. The forward-looking component extends the data into the future based on currently active contracts and should not be interpreted as a forecast. For more details on which values are considered forward looking, please see the data flags in the data table. Those observations flagged (E) are forward looking, while data flagged (P) are provisional. Both data flagged E and P are subject to revision as more contracts become available in the dataset.