KSH: gross earnings grew 6 percent in May

In May gross earnings increased by 6.0 percent. Net average earnings increased with a higher extent, due to the changes in personal income tax, by 7.6 percent, compared with a year before. Excluding the pubic employees, the growth was 6.6 and 8.3 percent – the Central Statistical Office (KSH) announced on Wednesday.

The gross earnings of employees at companies with at least five full-time employees increased by 5.6 percent, while net monthly salaries increased by 7.2 percent, compared with May last year. In the public sector, gross earnings increased by 9.5 percent and net earnings by 11.2 percent, compared with a year before. (MTI)