Wages index rises by 5.5 pct YoY in Q4, records first quarterly drop since Q3 2021

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

Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q4, rising by 5.5 percent year-on-year (YoY), thought it slowed down from an upwards revised 6.3 percent in the third quarter of 2023, 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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