Gross wage growth up at 6.1% yr/yr in October

Analysis

Gross wages in Hungary rose 6.1% yr/yr in October, the pace picked up from 5.2% in September, the Central Statistics Office (KSH) reported on Friday.

Gross wages rose 4.7% in twelve months in the business sector after the twelve-month rise slowed to 3.5% in September. Public sector gross wages were up 8.7% yr/yr, also faster than the 8.2% increase in September.

Excluding the wages of those employed in public work schemes, public sector wages rose 4.1% yr/yr in October after 3.1% in September.

The yr/yr increase of regular gross wages, excluding one-off items and bonuses, also accelerated, to 5.6% in October from 4.3% yr/yr in September.

Public sector regular wages rose 7.2% yr/yr and regular wages in the business sector rose 4.7% yr/yr.

ADVERTISEMENT

Nearly 60% of Hungarians overweight Figures

Nearly 60% of Hungarians overweight

19,000 young jobseekers hired in expanded subsidy program Government

19,000 young jobseekers hired in expanded subsidy program

Manager screenings - not just for managers Interview

Manager screenings - not just for managers

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.