Retail employment up in 2017

The number of workers employed in the retail sector, working at organizations with at least five people, rose by 1.55% to 195,000 in 2017 compared to 2016, state news wire MTI reported based on a summary of data by the Central Statistical Office (KSH).

The rate of employment growth was below the 1.64% expansion for the number of employed in the economy as a whole. Gross monthly pay for retail workers reached HUF 231,800 in 2017, up from HUF 200,700 a year earlier.

Gross wages in the retail sector grew by 15.5% annually, compared to an average 12.84% rise in the economy as a whole, but retail wages were still only 78% of the national average.

Last year physical workers in the retail sector had a monthly gross wage of HUF 191,000, while white-collar workers earned HUF 319,000. The net monthly wage in the retail sector was HUF 154,000 in 2017, compared to HUF 198,000 for the entire economy.

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