Wage growth may accelerate analysts say
The pace of wage growth slowed slightly in July, compared to the previous month, but wage growth may re-accelerate from autumn in the public sector, due to the planned increases, and due to the continuous expansion towards labor force in the private sector – analysts told MTI reflecting to the data of the Central Statistics Office (KSH) published on Tuesday.
According to the Central Statistics Office (KSH), average gross earnings amounted to 256.9 thousand HUF in July, 5.1 percent higher than a year before. In January-July gross earnings increased by 5.9 percent, compared to the same period of the previous year, reaching 257 900 HUF, while the growth of net earnings was 7.5 percent, because of the 1 percentage point reduction in the rate of personal income tax. (MTI)
Related news
Waves in the company trend – the changing faces of liquidations and company formations
Even with decreasing terminations, decreasing numbers of companies in the…
Read more >IMF: this year’s outlook for the world economy has improved minimally
According to the International Monetary Fund (IMF), overall, this year’s…
Read more >KSH: The number of foreign guest workers in Hungary has increased
According to the latest data from the Central Statistical Office…
Read more >Related news
Waves in the company trend – the changing faces of liquidations and company formations
Even with decreasing terminations, decreasing numbers of companies in the…
Read more >IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Domestic businesses are planning cautiously but consciously – VOSZ Barometer business sentiment analysis – Q1 2024
Uncertainty is still strongly felt in the business mood of…
Read more >