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Hungarian gross wages continue to fall in November

Twelve-month gross wages in Hungary fell 3% in November, dropping for the second month in a row.

Twelve-month gross wages fell 1.6% in October, dropping for the first time since January.

November wages rose 3.8% in the business sector and dropped 16.5% in the public sector.

Net wages climbed 0.2% in November form the same month a year earlier. They rose 5.2% in the business sector and fell 10.4% in the public sector.

In January-November, gross wages were up 0.5% from the same period a year earlier. Business sector wages increased 4.5% and public sector wages fell 8.5%. (MTI – Econews)