2026-11-04 · 1 statements · 1 actors
ECB wage tracker update, November 2026
The ECB published its November 2026 wage tracker update with forward-looking wage growth figures.
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European Central Bank
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ECB wage tracker suggests slightly higher wage growth in first three quarters of 2027 compared with the full year of 2026
2026-11-04 · central bank · one of several topics in this statement
The ECB states that its headline wage tracker is 2.7% for the second half of 2026 and 2.8% for the first half of 2027, falling to 2.4% in the third quarter of 2027 due to limited employee coverage. It says the forward-looking parts should not be read as a forecast.
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ECB wage tracker suggests slightly higher wage growth in first three quarters of 2027 compared with the full year of 2026
2026-11-04 · central bank · one of several topics in this statement
The ECB reports that the tracker with unsmoothed one-off payments falls to 2.4% in the third quarter of 2027, and that the tracker excluding one-off payments averages 2.8% over the first three quarters of 2027, which it says indicates slightly higher permanent negotiated wage growth than for 2026.