Contractual wages and salaries - Q3 2023

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 2023 the coverage rate (share of national collective agreements in force for the wage setting aspects) was 0% % in terms of employees and 45.2% in terms of the total amount of wages.

In September 2023, the hourly index and the per employee index, compared to the previous month, are stationary.

Compared with September 2022 both indices increased by 3.0%.

In the period January-September 2023 the hourly and per employee indices increased respectively by 2.6% and 2.7% y/y.