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ECONOMIC BRIEFS

Real wages fall in most sectors in first half of 1999

Real wages in Slovakia decreased in all sectors of the economy except transport and retail in the first half of 1999, according to figures released on August 5 by the Statistics Office.

Real wages (calculated by adjusting the nominal wage for inflation) decreased 10.7% in construction, 4% in wholesale, and 0.7% in industry from January through June.

Real wages increased in transport (3.4%) and in retail (2.5%).

The average nominal monthly wage in June, compared to the same month in 1998, was up 10.7% in transportation to 10,226 crowns ($250) followed by rises of 9.8% in retail, 6.4% in industry (to 10,445 crowns) and 2.8% in wholesale.

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