An index of wages and salaries in France’s nonfarm business sector rose 0.6% in the third quarter when compared to the second on a seasonally adjusted basis, according to Insee, the National Institute of Statistics and Economic Studies, which released the index. On a year-over-year basis, the index was up 2.3%.

Wage growth decelerated in industry and construction and continued to rise in services.

Third-quarter wages in industry rose 0.2% following a 0.5% in increase in the second quarter. This slowdown affected all industrial sectors except electricity, gas, etc., in which wages rebounded after a decrease in the second quarter. Year on year, wages in industry were up 1.7% after a year-over-year increase of 1.9% in the second quarter.

Wages growth in services hardly accelerated from the prior quarter — up 0.7% after a 0.6% gain in the second quarter — but rose more sharply over the year, up 2.6% compared to 2.1% in third quarter of 2017.