ECB Wage Tracker - EWT

The ECB wage tracker is the result of a Eurosystem partnership currently comprising the European Central Bank and seven euro area National Central Banks: Deutsche Bundesbank, Bank of Greece, Banco de España, Banque de France, Banca d’Italia, De Nederlandsche Bank, and Osterreichische Nationalbank. It is based on a highly granular database of active collective bargaining agreements for Germany, Greece, Spain, France, Italy, the Netherlands, and Austria. The wage tracker should be considered as only one of many possible sources that can help to assess wage pressures in the euro area. They are not the same as wage growth forecasts as they only indicate wage pressures that mechanically arise from the collective bargaining agreements already in place. The Eurosystem and ECB staff macroeconomic projections remain the most comprehensive assessment of the wage outlook for the euro area.
Publisher name: European Central Bank
Publisher URL: https://www.ecb.europa.eu
Last updated: 2025-03-04T05:15:01Z