# ECB tracker points to slightly higher negotiated wage growth in early 2027

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Topic: Business · Status: published · Version: 1
Published: 2026-11-04T14:01:16.886Z · Updated: 2026-11-04T14:01:16.886Z
Record: https://davids.news/s/ecb-tracker-points-to-slightly-higher-negotiated-wage-growth-in-early-2027-2bdb5389

The ECB’s tracker puts average growth excluding one-off payments at 2.8% in the first three quarters of 2027, versus 2.6% for 2026.

- The headline tracker shows 2.8% wage growth in the first half of 2027 and 2.4% in the third quarter, with coverage declining to 23.3%.

Why it matters: The ECB says the tracker excluding one-off payments indicates slightly higher permanent negotiated wage growth in early 2027 than in 2026.

## Original sources

- [European Central Bank](<https://www.ecb.europa.eu//press/pr/date/2026/html/ecb.pr261104~caf181d7ac.en.html>) — primary announcement
  Source: European Central Bank 2026 · Original report: 2026-11-04T00:00:00.000Z

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