Wages across the Eurozone rose 3.0% year-on-year in the third quarter of 2025, the least since Q3 2022, and slowing from 3.7% in the previous quarter. Among the region’s largest economies, wage growth decelerated notably in Germany (3.6% vs. 4.2% in Q2 2025), France (1.3% vs. 1.4%), Italy (2.4% vs. 3.4%), Spain (2.0% vs. 3.4%), and the Netherlands (3.6% vs. 6.3%).