NGM: the real wage growth helps the revival of consumption
The real earnings increased by 6.8 percent in February, by excluding the effect of public employment. The strong real wage growth, started in 2013 continues – the Ministry of National Economy (NGM) calls attention in relation to the datas of the Central Statistics Office (KSH).
The Ministry of National Economy (NGM) in its communication told that the government's actions, among others, overhead reduction, increased wages in the in the public sector, Workplace Protection Action Plan, measures to stimulate activity and the stagnating consumer prices have significant role in real wage growth. (MTI)
Related news
Related news
The Hungarian Central Statistical Office (KSH) reported better-than-expected GDP data
In Q2 2025, Hungary’s GDP figures published by the HCSO…
Read more >Beer producers are hoping for a hot August
After nearly three percent growth last year, domestic beer consumption…
Read more >Gergely Gulyás: the government is expanding the support program for small-town grocery stores
The government is expanding the grocery store support program launched…
Read more >