KSH: net earnings rose 8.0 percent in April
The average monthly gross earnings in April were 6.4 percent higher than a year before, while net wages – due to the reduction in the tax rate – rose by 8.0 percent – the Central Statistical Office (KSH) announced on Tuesday. Excluding the public workers, gross earnings increased by 7.2, while net earnings increased by 8.8 percent.
In the private sector – excluding public workers – gross earnings increased by 5.1 percent, while net wages increased by 6.7 percent. In the budget sector, the growth was 13.3 and 15.0 percent. (MTI)
Related news
Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >K&H Analyst Commentary: Hungarian wages continue to slow down
Based on the current outlook, net real wages may increase…
Read more >Related news
Carrefour launches its first AI-based solution in Spain
French retail chain Carrefour has chosen Spain to implement its…
Read more >Gösser Spritz display from Hungary wins two POP world titles
This year a Hungarian Gösser Spritz display – the winner…
Read more >Valeo Foods Group buys Italian panettone maker Melegatti 1894
The acquisition is the second Valeo Foods Group has announced…
Read more >