The index of wages according to collective labour agreements 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 2005).
At the end of October 2012 the coverage rate (share of national collective agreements in force for the wage setting aspects) was 69.3 per cent in terms of employees and 65.8 per cent in terms of the total amount of wages.
In October 2012, both the hourly wage index and the per employee index increased by 0.2 per cent compared to the previous month.
Compared with October 2011, the hourly wage index increased by 1.5 per cent while the per employee index increased by 1.6 per cent.
During the period January- October 2012 both indices increased by 1.5 compared to the same period of the previous year.