Central Banks

Euro-Zone Firms See Wage Growth Easing in Latest ECB Survey

Euro-zone salaries are expected to rise by 3.3% — down from 3.8% in the previous round three months ago, the ECB said.
Photographer: Zula Rabikowska/Bloomberg

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By Alexander Weber

July 15, 2024 at 8:00 AM UTC

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Euro-zone companies see a more moderate increase in workers’ pay over the next 12 months, according to a European Central Bank survey.

Salaries are expected to rise by 3.3% — down from 3.8% in the previous round three months ago, the ECB said Monday in its Survey on the Access to Finance of Enterprises. Firms also lowered their selling-price expectations — to 3% from 3.3%.