Analysts: wages increased significantly in June
Wages increased significantly in June. The growth is mostly influenced by the continued strong demand for labor, analysts say.
The Central Statistics Office announced on Friday that in June gross average earnings were 364,800 HUF, 10.6 percent higher than a year before.
Molnár Dániel, an analyst of Századvég told MTI that earnings in June were still rising at a rate above 10 percent. Wage growth continues to exceed the increase of minimum wage at the beginning of the year. (MTI)
Related news
The foreign trade balance of fresh spinach was negative in 2023
In Hungary, spinach is one of the earliest outdoor vegetables. According…
Read more >KSH: in February, the product foreign trade surplus was 1.7 billion euros
In February 2024, the export volume exceeded 3.4 percent, while…
Read more >The domestic economy grew by 1.1% in the first quarter
In the first quarter of this year, the performance of…
Read more >Related news
The latest issue of Trade magazin is out now!
The digital version is available with more content once again…
Read more >FAO: global food prices increased for the second month in April on a monthly basis
In April, global food prices rose for the second month…
Read more >Beauty care travels at breakneck speed
Beauty care is one of the fastest growing markets in…
Read more >