ECB: Euro area’s Negotiated Wages rise 2.46% YoY in Q1 2026 vs. 2.95% in Q4 2025
On Friday, the European Central Bank (ECB) released its indicator of the Euro area’s Negotiated Wage data for the first quarter (Q1) of 2026.
Data showed that the Euro area Negotiated Wages rose by 2.46% year-on-year (YoY) in Q1 after increasing by 2.95% in the previous quarter.
Market reaction to the EU Negotiated Wages data
The EU negotiated wage growth data has little to no impact on the Euro (EUR), as EUR/USD trades 0.12% lower on the day at 1.1605, as of writing.
About ECB indicator of Negotiated Wage growth
The ECB indicator of negotiated wage growth is computed for a subset of countries only. The euro area aggregate is based on nine countries: Germany, France, Italy, Spain, the Netherlands, Belgium, Finland, Austria and Portugal. The indicator relies on data for negotiated monthly earnings. The euro area indicator is based on a mixture of monthly and quarterly time series and is based on non-harmonised country data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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