Gross earnings drop to 2 pct to RON 2,515 in August over July

In August 2015, the average gross earnings stood at RON 2,515, 1.9 percent lower than the ones registered in July 2015, according to data released by the National Institute for Statistics (INS).

The average net earnings reached RON 1,813, dropping 36 RON (1.9 percent) against the previous month.

The highest values of the average net earnings were recorded in extraction of crude petroleum and natural gas (RON 4,781), while the lowest were in accommodation and food service activities (RON 1,069).

The most significant increases of the average net earnings over the previous month have been recorded as follows:

– 7.6 percent in mining of coal and lignite;
– 4.6 percent in mining of metal ores;
– between 1.5 percent and 3.5 percent in publishing activities, water transport, arts, entertainment and recreation, administrative and support service activities.

In the budgetary sector slight increases were registered in public administration (0.5 percent), education, health and social assistance (0.3 percent).

The most significant decreases of the average net earnings compared to the previous month have been recorded as follows:

– 12.6 percent in manufacture of motor vehicles, trailers and semi‐trailers;
– 11.8 percent in manufacture of basic pharmaceutical products and pharmaceutical preparations;
– between 6 percent and 9 percent in manufacture of textiles, other mining and quarrying, warehousing and support activities for transportation, repair and installation of machinery and equipment, other manufacturing, water collection, treatment and supply;
– between 4.5 percent and 5.5 percent in manufacture of electrical equipment, insurance, reinsurance and pension funding (except compulsory social security), sewerage, financial service activities (except insurance and pension funding), manufacture of leather and related products, manufacture of other transport equipment.

According to the INS, both increases and decreases were determined by the occasional bonuses, amounts from the net profit and other funds (including gift tickets) and also by the production achievements/underachievements.

Year on year, net earnings saw a 7.7 percent rise, while the real earnings index (calculated as the ratio between the net nominal earnings index and the consumer prices index) in relation with the same period of previous year was 109.8 percent.

The real earnings index stood at 98.6 percent for August 2015 as against previous month. As compared to October 1990, the real earnings index was 138.1 percent, 2 percentage points lower than the one recorded in July 2015.

Natalia Martian

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