Notizie economiche
16.06.2025

Eurozone’s annual wage growth eased to 3.4 per cent in Q1

Eurostat, the statistical office of the European Union (EU), reported on Monday that hourly labour costs in the euro area increased by 3.4 per cent y-o-y in the first quarter of 2025, following a 3.8 per cent y-oy rise in the previous quarter. This was the weakest gain since the third quarter of 2022 (+3.2 per cent y-o-y).

According to the report, two main components of labour costs - wages and salaries, and non-wage costs – demonstrated mixed tendencies compared to the prior quarter.

The hourly wages and salaries increased by 4.2 per cent y-o-y, slowing from 4.1 per cent y-o-y in the fourth quarter of 2024. This marked the fourth quarter of slowdown in the annual pay growth and represented the weakest pace of wage increase since the third quarter of 2022 (+2.4 per cent y-o-y).

Meanwhile, the non-wage component advanced by 3.4 per cent y-o-y, accelerating from 2.7 per cent y-o-y in the previous quarter.

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