Press release No. 528 of 22 December 2020
• Nominal earnings also 1.3% below the level of the same quarter a year earlier
• Short-time working benefit partly reduces income losses
WIESBADEN – The index of nominal earnings in Germany was down by 1.3% in the third quarter of 2020 on the same quarter a year earlier. This index reflects the development of gross monthly earnings including extra payments. The Federal Statistical Office (Destatis) also reports that consumer prices remained nearly unchanged (-0.1%) over the same period. The resulting real (price adjusted) decline in earnings amounted to 1.3%, too.
Basic data and long time series are available in tables Gross earnings, weekly working hours (62321-0001) and Indices of agreed earnings, weekly working hours (62231-0001) in the GENESIS-Online database.
