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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
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