The index of wages according to collective labour agreements measures the evolution of contractual wages (per employee or per hour) set by collective agreements; the indices are calculated with reference to the fixed employment structure of the base period (December 2010).
At the end of August 2014 the coverage rate for the whole economy (share of national collective agreements in force) was 41.0 per cent in terms of employees and 38.9 per cent in terms of the total amount of wages.
In August 2014 the hourly index and the per employee index were unchanged from last month.
Compared with August 2013 the hourly index increased by 1.1 per cent while the per employee index rose by 1.2 per cent. Both indices increased by 1.3 per cent comparing January-August 2014 with the same period a year earlier.