Euro zone wage growth slowing as expected, ECB data shows
The ECB's wage tracker, which covers active collective bargaining agreements, indicates that negotiated wage growth, with smoothed one-off payments, was 4.6% in 2024 and would slow to 3.2% in 2025.
For the first quarter of 2026, the headline ECB wage tracker stands at 1.7%, down from 1.8% in the fourth quarter of 2025, the ECB added.
The figures are broadly in line with previous numbers in the tracker and suggest that wage growth is no longer a concerning issue for policymakers.
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