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Nominal salaries up by 2.5%, real salaries down by 1.4% year-on-year in third quarter

The average nominal monthly salary reached €769 in the third quarter of this year, representing a rise of 2.5 percent on the year, the Slovak Statistics Office announced on Tuesday, December 6.

The average nominal monthly salary reached €769 in the third quarter of this year, representing a rise of 2.5 percent on the year, the Slovak Statistics Office announced on Tuesday, December 6.

"A rise in consumer prices that was higher than that in nominal salaries had an impact on real salaries, which fell by 1.4 percent in annual terms [in the third quarter of 2011]," said the office, as quoted by the TASR newswire.

People working in the ICT sector received the highest nominal monthly salaries (€1,548) between July and September, followed by employees in the financial and insurance sector (€1,423). The ICT sector also posted the highest year-on-year rise in salaries: 14.3 percent. Conversely, staff at accommodation and catering facilities earned an average of €542 per month in the given period. When it came to individual regions, annual rises were observed in all eight regions, with the 5.5-percent increase in Trnava Region being the highest. Bratislava Region, for its part, was the only region to exceed the national average monthly salary, with people there earning an average of €976.

Source: TASR

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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