Contractual wages and salaries - Q3 2022

The index of wages according to the national collective bargaining agreement measures the evolution of wages and salaries (per employee or per hour) determined by contractual provisions set by collective agreements; the indices are calculated with reference to the fixed employment structure of the base period (December 2015).

At the end of September 2022 the coverage rate (share of national collective agreements in force for the wage setting aspects) was 3% in terms of employees and 50.0% in terms of the total amount of wages.

In September 2022, the hourly index and the per employee were unchanged from last month.

Compared with September 2021 both indices increased by 1.1%.

In the period January-September 2022 the hourly index increased by 1.0% and the per employee index rose by 0.9% y/y.

Note. On 28 October 2022 at 1.16 pm, the full text of the press release han been replaced, due to a misprint in the text at page 1 and in table 1: the monthly hourly wages y/y for total economy in September is 1.1% instead of 1.2%.