Rise in wages index slows to 2.5 pct in Q2 but hits six successive quarters of growth

EconomyMacroeconomy Tags: ELSTAT, Income
Photo by MacroPolis
Photo by MacroPolis

Greece’s seasonally adjusted (SA) Wages Index in the second quarter (Q2) rose by 2.5 percent year-on-year (YoY), slowing down from the 5.8 percent increase in Q1 2021, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.

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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