Year-on-year growth in negotiated wages was no longer declining in July.

Negotiated wages overall increased by 2.7 % in July 2026 yoy, following a +⁠ 2.6 % rise in the previous month. In the services sector, they were raised again more significantly, by 2.7 % yoy, than in the manufacturing industry (+⁠ 2.5 %).

In July, base wages (excluding one-off and special payments) increased by 2.7 % yoy, following an equally 2.7 % rise in June.

Negotiated wages