Negotiated wages rose sharply in January.
Collectively agreed wages overall increased by 3.8 % in January y-o-y, following a + 3.2 % rise in the previous month. Collectively agreed wages in the services sector were raised again more strongly, by 4.2 % y-o-y, than in the manufacturing sector (+ 2.5 %).
In January, basic wages (excluding one-off and special payments) increased by 3.8 % y-o-y, following a similar + 3.8 % rise in December.