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title: ECB wage tracker at 2.7% in H1 2027, pointing to a modest uptick in negotiated wage growth
description: The European Central Bank (ECB) wage tracker, which covers active collective bargaining agreements, indicates negotiated wage pressures with smoothed…
source: Helious
canonical: "https://helious.io/news/bfa6c2aea5e401bcae59abf53ce75739/ecb-wage-tracker-at-2-7-in-h1-2027-pointing-to-a-modest"
---

ECB
              16 Sept 2026, 08:00 UTC



# ECB wage tracker at 2.7% in H1 2027, pointing to a modest uptick in negotiated wage growth



            The European Central Bank (ECB) wage tracker, which covers active collective bargaining agreements, indicates negotiated wage pressures with smoothed one-off payments of 2.2% in 2026 (based on a coverage of 46.9% of employees in participating countries). The headline wage tracker indicator stands at 2.7% in the first quarter of 2027 (based on a coverage of 32.5%) and 2.8% in the second quarter of 2027 (based on a coverage of 25.1%). The lower wage tracker in the first half of 2026 reflects the downward mechanical impact of one-off payments that were initially paid in the second half of 2024 and not repeated in the following year. These effects dissipate fully in the second half of 2026. Compared with the July 2026 data release, the ECB wage tracker with smoothed one-off payments was revised downwards slightly for 2026.




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          Read the full document at the source →](https://www.ecb.europa.eu//press/pr/date/2026/html/ecb.pr260916~7bc58ebef4.en.html)




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