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Collectively agreed wages rose less in February than in previous months.
Collectively agreed wages rose less in February.
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Methodology and quality Negotiated pay rates and labour costs
Notes on methodology
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Negotiated pay rates and labour costs
The labour cost index measures developments in labour costs per man-hour worked and is harmonised across Europe. It indicates from a cost perspective the risks to price stability and contributes to the location and competition analyses in a European comparison.
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National Producer and consumer prices
The continual observation of price stability is based on analyses of price statistics. Particular attention is usually paid to the German Harmonised Index of Consumer Prices (HICP) and the national Consumer Price Index (CPI), which are both published by the Federal Statistical Office and often used throughout the EU and as inflation measures.
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Employment and labour market
The labour market is where enterprises' demand for the production factor labour meets household's supply of working time.
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Foreign trade prices
The continual observation of price stability is based on analyses of price statistics. Particular attention is usually paid to the German Harmonised Index of Consumer Prices (HICP) and the national Consumer Price Index (CPI), which are both published by the Federal Statistical Office and often used throughout the EU and as inflation measures.
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Orders received and stock of orders
Orders received is a leading indicator for cyclical developments. The figures are compiled monthly by the Federal Statistical Office and published both as a value index and as a volume index for the manufacturing and construction sectors respectively. The number of permits granted for structural engineering work also indicates the level of economic movement to be expected in that sector.
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Real interest rates on households' deposits Real interest rates for private households
Real interest rates are interest rates that have been adjusted for developments in purchasing power. They are broadly calculated as the difference between the nominal interest rate and the inflation rate (in the case of low interest rates and relatively stable prices).