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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.


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