• Gross wage growth increased to 9.2%
  
• Public sector wages grew an impressive 12.2% 
  
• Private sector annual wage growth recovered to 8% up form 6.3% in the second quarter

Data for both economic growth and labour market have been more tepid than expected in Q3 but despite this wage growth has accelerated. Labour market data overall have been sending somewhat contradicting messages lately, it could be that the cooling of labour market has been called prematurely

Full report here

For more information about this report, please contact:

Vytenis Šimkus, +370 687 17870, vytenis.simkus@swedbank.lt.

This email is sent through the web-based distribution system of Swedbank Macro Research. As a subscriber you can change your settings regarding what publications you will receive by clicking “Change your settings”. You can also unsubscribe from this particular newsletter by clicking "Unsubscribe". Information on the Swedbank Principles of processing personal data can be found here.