Wages index rises at slower pace of 1.4 pct in Q4 2014

EconomyMacroeconomy Tags: ELSTAT

The seasonally adjusted Wages Index advanced, albeit at a slower pace, for the second consecutive quarter in the fourth quarter (Q4) of 2014, when it rose by 1.4 percent from 2.1 percent in Q3, according to the Hellenic Statistical Authority (ELSTAT).

This was the third positive reading in the four quarters of 2014. However, compared to the previous quarter, the wages index in Q4 fell 1.5 percent, which indicates the second negative QoQ reading in 2014.

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