Gross wages rise 6% yr/yr in November
Gross wages in Hungary rose 6.0% yr/yr in November, little changed from 6.1% in October, the Central Statistics Office (KSH) said on Friday.
The rise was from a low base, as gross wages fell 1.2% in the twelve months to November 2010 after a 1.2% rise in October 2010.
Gross wages growth picked up in the business sector, to 5.5% yr/yr in November from 4.7% yr/yr in October. Gross wages rose, in contrast, at a slowing pace in the public sector, where they were up 6.2% yr/yr after rising 8.7% in October.
Excluding the wages of those employed in public work schemes, public sector wages rose 2.3% in the twelve months to November. The increase slowed from 3.1% yr/yr in October.
Regular gross wages, excluding one-off items and bonuses, rose 4.9% yr/yr in November, less than overall wages did. Public sector regular wages rose 3.1% and regular wages in the business sector rose 5.3%, both less than did headline wages.
January-November gross wages were up 4.7% yr/yr. They grew 4.9% in the business sector and 3.2% in the public sector.
ADVERTISEMENT
MOL to Plow HUF 50 bln Into Reverse Vending Machine Rollout
Sport Now 'Strategic Sector' for Hungary - Minister
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.
