Euro-Area Wages Pick Up Just in Time for ECB to Discuss QE End
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Falling unemployment in the euro area is finally feeding through to wages.
Compensation per employee jumped 1.9 percent from a year ago in the first quarter of 2018, Eurostat data on Wednesday showed. What’s more is that the pay gains are “broad-based by country and sector,” according to JPMorgan economist Greg Fuzesi, who says it’s not difficult to see why the European Central Bank is feeling better about the inflation outlook.