Net average earnings up by 13.1 percent in September compared to September 2017

Aurel Dragan 07/11/2018 | 10:58

The net average wage was RON 2.688 in September, up by RON 19 (+ 0.7 percent) as compared to August, while the gross average earnings increased to RON 4.482, 0.7 percent higher than in the previous month, according to data from the National Institute of Statistics (INS).

The highest net nominal average earning was recorded in crude oil and natural gas extraction (RON 6,465), and the lowest in hotels and restaurants (RON 1,567).

Compared to September of the previous year, net nominal average earning increased by 13.1 percent.

The real earning index against the same period of the previous year was 107.7 percent. The real earning index was 100.2 percent for September 2018 compared to the previous month.

Compared to October 1990, the real earning index was 192.1 percent, 0.5 percentage points higher than in August 2018.

“In September 2018, in most economic sector activities, net average earning was higher than in August 2018 as a result of occasional prizes (quarterly, yearly, for outstanding performance or for ‘Oil Engineer Day’), in-kind rights and cash benefits, amounts from net profit and other funds (including meal vouchers and gift vouchers), and increases in net average earning were also attributable to outputs or higher receipts (contracted / projects), as well as the redundancies of personnel with low salary gains from some economic activities,” says INS.

The most significant increases in net average earning were recorded in crude oil and natural gas extraction (plus 21.1 percent) and the most significant decreases in the manufacture of other transport (minus 5 percent) and telecommunications (minus 4.2 percent).

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