Analysts: wage outflows have accelerated further

By: Trademagazin editor Date: 2022. 05. 25. 11:32

Wage growth accelerated in March, and businesses are also trying to retain the workforce with non-regular payments and bonuses. Analysts told MTI that consumption, fueled by rising real wages, will help economic growth throughout the year.

According to a report by the Central Statistical Office (KSH) on Tuesday, gross average earnings in March were 17.5 percent higher and net average earnings, including discounts, were 18.1 percent higher than a year before.

Regular gross average earnings were 15.5 percent higher than in March last year. (MTI)