Overview

• The Q2 outcome follows a 1.7% year-on-year gain in the first quarter, indicating a pickup in real-wage momentum.
• A Statistikamt Nord statistician characterized the latest figures as growth settling toward a more typical level.
• Real wages reflect earnings adjusted for inflation, which means households see greater purchasing power when they increase.
• In Schleswig-Holstein, real wages rose 3.1% year on year in Q2 after a 0.7% increase in Q1, according to the same office.
• Statistikamt Nord released the regional data on Wednesday, as reported by dpa and regional outlets.