France monthly base wage index: financial and insurance
France monthly base wage index: financial and insurance stood at 122.3 in Q2 2026, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Wages and labour cost table (Value · Quarterly), with a complete series running from Q2 2017 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Wages and labour cost table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Wages | |||||||||||
| Monthly base wage index - Financial and insurance activities (NAF rev. 2, level A17 KZ) - Base 100 in Q2 of 2017 | 122.3 | 121.7 | 120.6 | 120.4 | 120.1 | 119.4 | 118.1 | 117.8 | 117.5 | 116.7 | |
| Monthly base wage index - Real estate activities (NAF rev. 2, level A17 LZ) - Base 100 in Q2 of 2017 | 119.9 | 119.2 | 118.4 | 118.3 | 117.9 | 117.3 | 116.1 | 115.8 | 115.4 | 114.7 |
Understanding france monthly base wage index: financial and insurance
This index measures the monthly base wage trajectory across banking, insurance, and pension funding operations, designated under the standard industrial classification as level A17 KZ. It records scheduled remuneration changes for clerical, technical, and managerial personnel within financial institutions, excluding variable bonuses, commission payments, and financial incentives. This focus on base pay distinguishes the series from broader earnings measures that fluctuate wildly with corporate profitability and annual bonus cycles.
Reading this indicator requires recognizing that compensation in the financial sector often relies heavily on variable pay structures that fall outside this fixed-wage framework. Consequently, the index may appear stable during periods when total compensation is rising due to high bonuses, or conversely, it may miss structural adjustments delivered through non-wage benefits. Analysts should compare these figures with broader macroeconomic inflation metrics to assess real purchasing power developments within the financial intermediation industry.
Frequently asked questions
- Are annual performance bonuses included in this financial sector wage index?
- No, variable bonuses and commissions are excluded to focus exclusively on contractual base rates.
- Which industries are grouped into this specific financial and insurance category?
- Banking institutions, insurance carriers, and pension funds are all aggregated within this classification.
- Why might this index diverge from total employee earnings in banking?
- Total earnings frequently fluctuate due to bonus payouts, whereas this index strictly captures scheduled base salaries.