Wages and Labour Costs in Slovakia

Oficina Estadistica de Eslovaquia (SUSR) · Trimestral

4.5% (Q1-26) YOY · % · Trimestral · CSV

About this indicator

Source	Statistical Office of the Slovak Republic
Frequency	Trimestral
Release	Aproximadamente dos meses después del cierre del trimestre de referencia.
What it is	Measures the evolution of wages and labour costs in Slovakia, that is, the pay received by workers (gross wages and salaries and, depending on the measure, employers' social contributions). It is compiled by the Statistical Office of the Slovak Republic.
How it's calculated	It is derived from labour cost and earnings structure surveys and administrative records. It is usually expressed as a year-on-year change in the average wage or labour cost, in nominal and sometimes real terms.
Market implications	Wages are both the main component of household income and a large share of firms' costs, so their path is decisive for consumption and for the second-round inflationary pressures the ECB monitors across the euro area.
Limitations	The data are quarterly and subject to revision. They are sensitive to the composition of employment (a shift in the share of better- or worse-paid jobs moves the average) and to seasonal factors such as bonus payments.