May 22, 2024 10:05 GMT
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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