Hungary's wage growth strengthens to 4.1% y/y in April 2014

By bne IntelliNews June 20, 2014

Hungary's average monthly gross wage increased by 4.1% y/y to HUF 239,739 (EUR 784) in April 2014, speeding up from a 2.8% growth the month before, the statistics office informed.

The average earnings in the business sector grew by 4.4% y/y to HUF 258,701, while wages in the public sector went up by 5.7% y/y to HUF 205,893.

The average net wage in the country, excluding family tax benefits, was also 4.1% higher on the year at HUF 157,029 in April. The growth could be attributed to both the business sector, where net earnings advanced by 4.4% y/y, and the public sector, where net wages increased by 5.7% y/y.

In terms of nominal value, the best paid sectors in April continued to be financial and insurance activities (HUF 504,700) as well as information and communication (HUF 470,200). At the bottom of the ranking remained the accommodation and food services sector (HUF 153,300) as well as human health and social work activities (HUF 136,800).

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

UniCredit sees modest growth and fiscal overshoot for Hungary in 2024

Hungary’s economic rebound will be modest this year, around 2%, and the return to potential growth is set to be postponed to 2025 with GDP expanding around 3.2%, according to UniCredit bank's ... more

Raiffeisen Bank profit rises over €260mn in Hungary

more

Intesa Sanpaolo’s Hungarian unit closes record year in 2023

CIB realised a record HUF64bn (€160mn) in after-tax profit, up from HUF36.1bn a year ago, which translates to a robust 21.5% ROE, the Hungarian unit of Intesa Sanpaolo said on March 26.  ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    5 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    7 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss