January 31, 2024 10:20 GMT
Wage Data Seemingly Impacted By One-off Payments In December
ITALY DATA
Looking at the details of the press release for the recently released Italian wage numbers, we note that December 2023's figure appears to be impacted by a one-off payment to Government employees.
- "In December 2023 the contractual wage index is influenced by the advance payment of an amount - accruing in 2024 - for the government employees (see LD 145 18 October 2023)".
- Hourly wages were thus reported to be 7.9% Y/Y (vs 3.0% prior) and 5.1% M/M (vs 0.0% prior).
- The full press release can be found here: https://www.istat.it/it/files//2024/01/CS_contractual_wages_OCTOBER_DECEMBER_2023.pdf
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