ECB wage tracker excluding one-off payments, Euro area (changing composition), Monthly

The ECB wage tracker excluding one-off payments reflects the extent of structural (or permanent) negotiated wage increases. 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.