Wages record back-to-back growth of 7.1 pct in Q4 2022

EconomyMacroeconomy Tags: ELSTAT, Income

Greece’s seasonally adjusted (SA) Wages Index remained in solid growth territory rising by 7.1 percent year-on-year (YoY) in the last quarter of 2022, after a 7.3 percent increase in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.

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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