France monthly base wage index: services sector (GZ to RU)
France monthly base wage index: services sector (GZ to RU) stood at 122.4 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 - Services sector - NAF rev. 2 - Items from GZ to RU) - Base 100 in Q2 of 2017 | 122.4 | 121.5 | 120.7 | 120.4 | 120.1 | 119.5 | 118.7 | 118.1 | 117.7 | 117.1 | |
| Monthly base wage index - Transportation and storage (NAF rev. 2, level A38 HZ) - Base 100 in Q2 of 2017 | 124.5 | 123.7 | 123.2 | 123 | 122.6 | 122 | 121.3 | 120.9 | 120.5 | 119.1 |
Understanding france monthly base wage index: services sector (GZ to RU)
Retail traders, wholesale merchants, transport operators, hospitality staff, financial intermediaries, and administrative service providers form the vast occupational spectrum evaluated under this tertiary heading. The index measures base payment evolution across diverse commercial and corporate service activities while deliberately excluding irregular bonuses, tips, and incentive pay. Unlike narrow manufacturing or utility measures, this aggregate reflects wage patterns across the largest segment of the national labor market.
Evaluating these service industry figures necessitates caution regarding cyclical hiring surges tied to tourism and holiday retail periods. Initial quarterly releases for service branches are subject to revision as survey responses from numerous small and medium enterprises arrive late. Observers must utilize year-on-year comparisons rather than sequential quarters to mitigate structural seasonality inherent in retail and hospitality labor markets. Analysts comparing this series with industrial gauges should remember that service productivity and wage-setting mechanisms operate under different economic pressures.
Frequently asked questions
- Which industries are grouped under this service sector heading?
- Trade, transport, accommodation, financial services, real estate, and professional business activities are all included within this classification span.
- Are tips and sales commissions factored into this wage index?
- No, the measure isolates standard base rates and excludes variable compensation like gratuities or performance commissions.
- Why is year-on-year comparison preferred for service sector wage analysis?
- Seasonal hiring spikes in retail and hospitality create pronounced quarter-to-quarter volatility that annual comparisons help smooth out.