In July 2007, the negotiated monthly salaries of salaried employees saw the largest increase since April 2004. As reported by the Federal Statistical Office, in July 2007, the index of negotiated monthly salaries (2000 = 100) of salaried employees in trade and financial intermediation, the industry, public (central, regional and local) authorities, transport, storage and communication in Germany was up 2.5% from the previous year.
Compared with July 2006, the index of negotiated hourly wages (2000 = 100) of wage earners in trade, the industry, public authorities, transport, storage and communication increased 3.0% in July 2007. That was the largest increase since July 1996. The industry covered mining and quarrying, manufacturing, electricity, gas and water supply as well as construction.
Also, the increase in negotiated earnings was larger than the rise in consumer prices, which were up 1.9% from July 2006 to July 2007. This was last observed for October 2006. For more details please refer to the German version.
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