Eurozone Wages Post Fastest Growth in Q1 2019

According to data released by Eurostat on Monday, wages in the Eurozone grew at the fastest pace in Q1 2019. Wages and salaries rose by...


According to data released by the Eurostat on Monday, wages in the Eurozone grew at the fastest pace in Q1 2019. Wages and salaries rose by 2.5% during this period compared to Q1 2018 – the highest YoY increase registered since 2010.

In Q4 and Q3 2018, wages and salaries had grown by 2.3%. Overall labour costs rose by 2.4% in Q1 2019, while the non-wage component of labour costs rose by 2.2% during this period.

Although wages and employment are posting record highs in the Eurozone, worse than expected consumer prices and weakening inflation continue to exert downward pressure on the Eurozone economy and on the Euro currency as well.

EUR/USD continues to remain mostly unchanged on the release of this data, trading at around 1.121 at the time of writing.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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