Negotiated wages continue to decline in May

Negotiated wages overall increased by 2.4% in May 2026 yoy, following a +2.6% rise in the previous month. In the services sector, they were raised again more significantly, by 2.5% yoy, than in the manufacturing industry (+1.3%).

In May, base wages (excluding one-off and special payments) increased by 2.7% yoy, following a +2.6% rise in April.

Negotiated wages