7 Septembrie 2009

Average monthly income increased 0.8% in July



The net average income increased in July by 0.8% (11 lei) month-on-month, versus June, up to 1,390 lei (330 euros) on supplementary salary rights, holiday perks and high facility output, National Institute of Statistics.
Thus, the annual growth pace in monthly earnings slowed down to 6.3% from 8.3% in June, but remained above consumer index of 5.06% in July, which means lower buying power of Romanian employees.

Gross average income stood at 1,901 (451 euros) in July 2009, 0.7% above month-ago level.

Compared to October 1990, buying power of average income was 26.3% higher in July 2009.

The highest net salaries in July were recorded in aviation industry - 3,400 lei (806 euros) and the lowest one in woodworking – 807 lei (191 euros).

In July, the net average income increased 17.5% in coking industry and products derived from crude, and by 11-16% in crude and natural gas extraction and adjacent activities.

However, in certain sectors, the net average income fell month-on-month in the period under review, followed activity reduction, and holiday perks granted in June.

In financial intermediation, excepting insurances and pension funds, the net average income stood 14% below month-ago levels.



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