Analysts: the June wage data is a positive surprise

The June wage increase was a positive surprise in terms of the analysts’ consensus and shows the growing lack of skilled workers, and also shows the trend in wage agreements and budget livelihoods – market analysts commented the Central Statistical Office’s (KSH) wage reports on June.

According to KSH’s report, gross average earnings grew 14.4 percent in June compared to a year before, growth again accelerating following the previous month’s 12.9 percent pace. The 28.7 percent rise in single premiums and premium incomes has also contributed in the growth, while regular earnings increased by 13.5 percent – the Central Statistical Office (KSH) announced on Tuesday. In the first half of the year, gross average wages were 12.5 percent higher than a year before. (MTI)