Wages index up by 4.9 pct in Q4 to reach highest level since 2012

EconomyMacroeconomy Tags: ELSTAT, Labour
Photo by Giannis Papanikos/Fosphotos
Photo by Giannis Papanikos/Fosphotos

Greece’s seasonally adjusted (SA) Wages Index rose by 4.9 percent year-on-year (YoY) in the last quarter of last year, following a rise of 4.6 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures revealed on Wednesday.

The wages index captures employees’ gross earnings, including salaries, bonuses, extraordinary payments (Christmas and Easter bonuses as well as annual leave) and payments for non-working days (holidays, national holidays and maternity leave).

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