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Slovak average monthly wage was €710.45 in Q1

Data from the Slovak Statistics Office show that the average monthly nominal wage of an employee in Slovakia reached €710.45 in the first quarter of this year, up 4.7 percent y-o-y while the average real wage grew by 1.6 percent y-o-y, the SITA newswire wrote.

Data from the Slovak Statistics Office show that the average monthly nominal wage of an employee in Slovakia reached €710.45 in the first quarter of this year, up 4.7 percent y-o-y while the average real wage grew by 1.6 percent y-o-y, the SITA newswire wrote.

The highest average monthly wage was reported in the IT and communication sectors at €1,523, in financial and insurance services at €1,503 and in electricity and natural gas supplies at €1,073. In twelve of the monitored sectors, the average monthly pay was lower than the national average wage.

Employees in accommodation and food serving facilities had a monthly wage of €430, in other activities €505, in construction €524 and in arts, entertainment and recreation €533.

When compared with Q1 2008, the average nominal wage grew at a relatively highest pace in public administration and defence, by eleven percent. A significant growth was also reported in specialized, science and technical activities (9.1 percent), and in arts, entertainment and recreation (8 percent).

The average nominal wage posted an 8.5 percent y-o-y drop in accommodation and restaurant services, a six percent y-o-y drop in the real estate sector, and there was a wage decline of 2.3 percent in financial and insurance activities. SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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