Negotiated standard wage rate index

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Description:

The negotiated standard wage rate index 06 (base: annual average 2006 = 100) measures the development of minimum wages in Austria. This index is an important gauge for wage bargaining. Together with other measures for wage and price developments, it is a key, up-to-date economic indicator.
The index base is 2006 = 100 (as of January 2007).
The chaining factor with the index 1986 = 100: Negotiated Standard Wage Index total: 1,888; white collar workers: 1,928; blue collar workers: 1,992 and public sector employees: 1,687.

For further details see the German documentation
http://www.statistik.at/web_de/wcmsprod/groups/gd/documents/stddok/029909.pdf

 

Source:

Statistics Austria, OeNB.

Index:

Negotiated standard wage rate index, wages.