ECB wage tracker indicates negotiated wage pressures stable in 2026

ECB wage tracker updated with wage agreements signed up to middle of April 2026; forward-looking horizon remains unchanged at end-December 2026 Forward-looking information is broadly unrevised and indicates stable negotiated wage growth at around 2.6% by the end of 2026 ECB wage tracker with unsmoothed one-off payments at 3.0% in 2025 and 2.6% in 2026 The European Central Bank (ECB) wage tracker, which covers active collective bargaining agreements, indicates negotiated wage growth with smoothed one-off payments of 3.2% in 2025 (based on a coverage of 51.3% of employees in participating countries) and 2.3% in 2026 ...