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German Negotiated Wages 6.2% Y/Y In Q1

GERMAN DATA

*GERMAN NEGOTIATED WAGES ROSE 6.2% Y/Y IN 1Q, BUNDESBANK SAYS bbg


  • Analysts have noted that one-off lump sum payments have biased Q1 negotiated wages higher in Germany.
  • A reminder that the ECB's Eurozone-wide negotiated wages tracker is due tomorrow, with analysts expecting a modest deceleration from the 4.5% Y/Y print in Q4.

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