Wages index improves by 2.7 pct in Q3 for highest rise in almost 6 years

EconomyMacroeconomy Tags: ELSTAT

The seasonally adjusted (SA) Wages Index posted an increase by 2.7 percent in the third quarter (Q3) of 2015 after a drop of 2.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.

According to ELSTAT, the wages index captures the gross income received by employees in the form of salaries and wages, bonuses and extraordinary payments (such as Christmas and Easter bonuses and annual leave) as well as payments for non-working days (...

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