_3.png)
Preliminary Q1 GDP data shows Hungarian economy posts modest rebound
5 hours ago
Real wages in Ukraine grew 14.1% y/y in May, accelerating from 12.5% y/y growth in April, the State Statistics Service reported on June 27.
The average monthly nominal wage increased to UAH8,725 a month ($333) from UAH8,480 in May, which is 2.9% m/m growth in real terms.
The leading regions for average monthly wages remained the city of Kyiv (UAH13,286), the Ukrainian-controlled Donetsk region (UAH10,166) and the Kyiv region (UAH8,783).
The largest nominal average wage growth was in public services (48% y/y), science and technology services (38% y/y), and transportation (31%). Within the industrial sector, the highest nominal wages remained in pharmaceuticals (UAH15,426), mining (UAH12,335), and metallurgy (UAH10,78.).
“Cooling inflation has helped to maintain a high growth rate of wages in real terms. We expect real wages to increase 9-10% in 2018,” Evgeniya Akhtyrko of Concorde Capital said in a note.
Related Content
Data
Preliminary Q1 GDP data shows Hungarian economy posts modest rebound
GDP grew 1.1% year on year in Q1 and by 1.7% when adjusted for calendar effects.
Russia’s Economic Ministry issues bleak economic stress test scenario
Russia's Finance Ministry ran an extreme stress test on the economy for this year that assumes zero growth, a weakening ruble and falling oil and gas revenues in the worst-case scenario.
Moldova’s industrial output shows signs of recovery in February
More abundant and cheaper gas this year creates opportunity for resumption of industrial activity in Moldova.
Russia’s CBR maintains key rate at 16%
The board of the Central Bank of Russia (CBR) resolved to keep the key interest rate unchanged at 16% at the policy meeting on April 26, making a third meeting in a row that the rate is maintained flat.
NBU cuts rates 100bp to 13.5% on falling inflation
The National Bank of Ukraine (NBU) lowered the key policy rate by 100bp to 13.5% on April 25 and improved its inflation forecast as price pressure ease.
Most Read
-
COMMENT: Aliyev continues to block the chance of peace in the South Caucasus
23 hours ago
-
COMMENT: Testing the limits – the politics of EU membership in CEE 20 years after accession
22 hours ago
-
Cheap Russian drones overwhelm US-made Abrams tanks, taken out of action
4 days ago
-
Georgian oligarch Ivanishvili advocates repression, blames Western “Party of War” for country’s ills
11 hours ago
-
Fallen Turkish startup delivery star Getir exits Europe, US
22 hours ago
-
The models are wrong, climate change is accelerating faster than predicted
5 days ago
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Don't mention the "D" word - Ukraine
10 days ago
-
The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
7 days ago
-
Russia already treating Bosnia’s Republika Srpska as an independent state
5 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
1 month ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
1 month ago
-
Saudi Arabia to scale back plans for Neom city
20 days ago
-
Iran vs Israel: Who is better equipped for war?
16 days ago