Analysts are expecting accelerating wage growth

By: trademagazin Date: 2016. 10. 21. 11:35

The pace of wage growth can accelerate in the public sector due to the current wage settlements and the constantly rising demand for labor in the private sector is – analysts told MTI on Wednesday, commenting the data published by the Central Statistical Office (KSH).

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According to the flash report of the Central Statistical Office (KSH), average gross earnings increased by 6.9 percent in August, while the net earnings – due to the 1 percentage point reduction in the rate of personal income tax – increased by 8.5 percent, compared to the same month of the previous year. In the previous month, the pace of annual growth was 5.1 and 6.7 percent. (MTI)

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