Analysts: Despite the slower growth in May, real wages this year may increase by 10 percent

The slowdown in the pace of wage growth in May compared to April was a slight negative surprise to the analysts, which was primarily explained by seasonal influences.

As a result, the real wage increase is still expected to exceed 10 percent over the year, as wage growth is expected to accelerate in professions with shortages which is supported by the wage bargaining in recent months. In some cases double-digit wage agreements are expected. (MTI)