Slovakia Real Wages Fall in the Q4
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The real wage in Slovakia shrank 7.6% year-on-year in the fourth quarter of 2022, following a 4% drop in the previous period, the Bratislava-based Slovak Statistical Office (SÚSR) said in a statement.
It was the sharpest fall since the second quarter of 2000. The growth of the average nominal monthly wages eased to 6.5%, or to EUR 1,418 from a year earlier, amid increases in average nominal wages in most of the monitored sectors of the economy.
Data showed, that employees in construction, in accommodation and food service activities felt the most significant drop in real wages at the level of 14-15%.
For 2022, the real wages slipped 4.5%, while the average nominal monthly wage climbed 7.7% to EUR 1,304, compared to 2021.
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