The decline of real wages may further tighten the internal demand

According to the communication of the Central Statistical Office, the average gross earnings exceeded the level of last year by 4.4 percent, at businesses with at least five employees, at public institutions and at non-profit organizations.

Without taking the family allowance into account, net average earnings were 1.6 percent higher in the first quarter of 2012 than in the first quarter of the previous year. The average gross wages in the private sector grew by 6.4 percent, and declined by 0.5 percent at the budgetary institutions in the first three months of this year. (MTI)