Average net wage in Macedonia down 3.3% y/y in August 2012.

By bne IntelliNews October 29, 2012
The average monthly net wage dropped by 3.3% in real terms to MKD 20,965 (EUR 341) in August, after decreasing by 2.4% y/y in July, according to data of the statistics office. The wider decline reflects a significant acceleration of inflation. On the other hand, in nominal terms the net wage edged up by 0.3% y/y in August, reversing a 0.2% y/y drop in the previous month. The average net wage has decreased by a real 2.2% y/y to MKD 20,837 in Jan-Aug. The average monthly gross wage dropped by a real 3.4% y/y to MKD 30,777 in August, after contracting by a real 2.4% y/y in July.

Average net wage in Macedonia down 3.3% y/y in August 2012.

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss