Germany – rates of pay climb only modestly by +2.2%
The second quarter of 2016 saw negotiated
rates of pay climb only modestly by +2.2% year
on year, just as they had done in the first quar-
ter.
This was due not only to the moderate pay
rises in the current pay round, which in some
cases come into effect only after a several-
month freeze at the old pay rates, but also to
negative baseline effects owing to one-off and
special payments in the second quarter of
2015, as well as to low graduated increases
stemming from pay agreements negotiated in
earlier pay rounds.
So far this year, new wage
agreements were concluded for just under 8
million workers and salaried employees. On an
annualised basis, the agreed volumes translate
into a moderate wage increase of just under
21⁄2%.
EU Forecast
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