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Hungary gross wages rise 5.9% in April

Gross wages in Hungary rose 5.9% in April from the same month a year earlier, the Central Statistics Office (KSH) said on Friday.

The rise followed a 1.4% year-on-year decline in March and a 4.8% increase in February.

Gross wages in the business sector rose 4% in April and public sector wages were up 10.8%.

Net wages were up 7.6% in April, well over the 1.7% increase in March. Net wages rose 7.4% in the business sector and were up 8% in the public sector.

Real wages rose 2.8%, calculating with April CPI of 4.7%.

Gross regular wages, which exclude bonuses and one-off payments, rose 5.1% in April, at a slightly slower rate than the 5.2% in March. Business sector gross regular wages rose 3.8% to HUF 199,767. Public sector gross regular wages were up 7.3% at HUF 192,162 in April.

The increase in the public sector was boosted by the regular wages of those employed in public work schemes. Regular wages of participants in the program, if they worked full-time, climbed 8.2% to HUF 81,664. The minimum wage rose from HUF 73,500 in 2010 to HUF 78,000 in 2011.

Including extras, gross wages averaged a monthly HUF 219,941 in the business sector in April and HUF 204,894 in the public sector. Excluding those in public work schemes, public sector gross wages fell 0.5% to HUF 202,490.

Gross wages rose 2.6% in January-April from the same period a year earlier as business sector wages climbed 5.3% and public sector wages fell 0.5%.

Gross regular wages, excluding bonuses and one-off payments, rose 4.6% during the period. Regular wages rose 3.8% in the business sector and were up 5.8% in the public sector.

Net wages rose 4.5% in January-April, excluding the effect of the new family tax allowance but including the effect of changes in the personal income tax rules.

Gross wages rose on average 1.4% in 2010 after edging up just 0.6% in 2009. Business sector gross wages rose 3.3% in 2010 after rising 4.3% in 2009. Including the wages of workers in public work schemes, public sector gross wages fell 2.7% in 2010 after a 7.9% drop in 2009.