Euro Wage Pressures Expected to Remain Stable Through Early 2027

The European Central Bank (ECB) has released its latest wage tracker data, which suggests that negotiated wage pressures across the euro area are expected to remain stable through 2026 and into early 2027.

The ECB's wage tracker, updated with agreements signed up to the first week of July 2026, showed negotiated wage pressures at 2.3 per cent for 2026, based on agreements covering 44.3 per cent of employees in participating countries.

This figure is projected to rise slightly to 2.7 per cent in the first quarter of 2027, with current coverage at 28.4 per cent.