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EUROZONE DATA: Eurozone Q2 Compensation Per Employee Falls To 4.36% Y/Y

EUROZONE DATA

MNI’s initial calculations see Eurozone compensation per employee at 4.36% Y/Y (vs 4.83% prior). Eurosystem staff had forecasted compensation per employee at 5.1% Y/Y in Q2. 

  • However, the soft Q2 negotiated wages data (to 3.6% vs 4.7% in Q1) means that there were already downside risks to this projection.

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