You are here

German real wages up 2.4% in 2015, biggest rise in 7 years

Thursday, March 24, 2016 - 16:12

[BERLIN] Real wages in Germany rose 2.4 per cent last year compared to 2014, the strongest increase since 2008, the Statistics Office said on Thursday, in a boost to private consumption which has become the main driver of growth in Europe's biggest economy.

Moderate inflation and relatively strong increases in nominal wages, of 2.7 per cent, were cited by the Office as the main reasons for the rise.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom