The Index of Agreed Minimum Wages 16 (base: 2016 annual average = 100) measures the minimum wage trend in Austria. The index is a key evaluation criterion for wage and salary negotiations and, in conjunction with other indices relating to wage and price trends, represents an important and extremely up-to-date economic indicator.
In June 2020 the index reached a value of 109.8 (provisional figure), 0.1% higher than the previous month. The rate of increase compared with June 2019 was 2.1%.
In 2019 the annual average of the Index of Agreed Minimum Wages 16 amounted
In general, minimum wages were 3.0 per cent higher than in the previous
The Index of Agreed Minimum Wages 06 was replaced by the Index of Agreed Minimum Wages 16 (base 2016 = 100) in the reporting month of April 2019.
|Results (overview): Index of Agreed Minimum Wages|
|Index of Agreed Minimum Wages - Main Index and Selected Index Groups|
© STATISTICS AUSTRIA, Last Changed 15.07.2020