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Increase in wages and salaries per hour worked in Germany between Q2 2014 and Q2 2015

While wages still fail to accelerate in the US, they do in the UK and in Germany.

According to the latest Eurostat figures, wages & salaries per hour worked grew by 3.5% in Germany between Q2 2014 and Q2 2015. Another large EU country where wages increased at a significant pace over the same period was the United Kingdom (+ 2,6%, while a +2.9% rise in weekly earnings was also reported over the 12 months period that ended in July). Together with low inflation and the decline in unemployment, these increases allow for a rise in households’ spending power. Within the Eurozone, the rise in German wages, more substantial than in France, Spain or Italy, also supports the general rebalancing of the region¹s economy, helping Germany’s neighbours to increase their price competitiveness.

Increase in wages and salaries per hour worked  in Germany between Q2 2014 and Q2 2015_G
Tristan PERRIER, CFA, Strategy and Economic Research at Amundi
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Increase in wages and salaries per hour worked in Germany between Q2 2014 and Q2 2015
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