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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CyprusCyprus Wage Growth YoY fell to 3.7% in January 2026
FMPMonthlyReleased July 2026
Cyprus Wage Growth YoY fell to 3.7% in January 2026, released July 2026, down 0.7% from December's 4.4% reading. The reading missed the 4.0% consensus by 0.3%. The print is running well below the 12-month average of 5.63%. Wage Growth YoY is now the lowest in 49 months.
Latest Release
3.7
Actual
4
Consensus
4.4
Previous
Median Absolute Error
±0.68 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 4
Actual: 3.7
Error: +0.3
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Wage Growth YoY (Cyprus) was reported at 3.7% in July 2026. This missed the market consensus of 4% by 0.3%. The reading fell from the previous value of 4.4%. Trailing 12-month context per ETL data through July 2026.
WHY IT MATTERS
The trailing three releases averaged 4.07%, down from the prior three at 5.27%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 0.68%.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Wage Growth YoY - CY
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About Wage Growth YoY — Cyprus
DEFINITION
Wage Growth YoY is a financial indicator that measures the year-over-year change in average wages earned by workers. It provides valuable insights into the overall health of the labor market and the purchasing power of consumers. A positive growth in wages indicates a strong economy and potential for increased consumer spending, while a negative growth may signal economic downturn and reduced consumer confidence. This indicator is closely monitored by economists, policymakers, and investors as it can impact various aspects of the economy, such as inflation, consumer spending, and corporate profits.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 3.7 %, consensus 4 %. Prior reading (Oct 2025): 4.4 %. Before that (Jul 2025): 4.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - CY Events
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | CY | Retail Sales YoY | 7.5 | 6.7 | 7.05 | Low | |
| Thursday, August 6, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | CY | Inflation Rate YoY | 3.06 | 3.3 | 3.30 | Low | |
| 09:00 | CY | Inflation Rate MoM | 0.25 | 0.5 | 0.50 | Low | |