Romania’s average net wage rose 14.3 pct y/y in June to EUR 584; real wages up 8.4 pct in 12 months

Sorin Melenciuc 07/08/2018 | 09:54

Romania’s average net monthly earnings growth rate eased to 14.3 percent year-on-year in June, from 14.4 percent in May and 14.7 percent in April, but the wages regained purchasing power compared to the previous month, National Institute of Statistics (INS) data showed on Tuesday.

The average net monthly earnings rose by 0.6 percent month-to-month, from RON 2,704 (EUR 583) in May to RON 2,721 (EUR 584) – a record high – in June.

Real wages increased by only 8.4 percent between June 2017 and June 2018, due to high inflation rate (5.4 percent in June, year-on-year).

The gross average monthly earnings increased to record high RON 4,527 (EUR 971) in June, up from RON 4,494 in May.

Since the beginning of this year, the social security contribution and the social health insurance contribution paid by the employer were transferred to the employee in Romania, and the effect was a sudden surge of the gross wages in January, from RON 3,662 (EUR 790) in December.

The highest net monthly earnings were recorded in June in manufacture of coke and refined petroleum products (RON 6,591, EUR 1,414) and IT sector (RON 6,473, EUR 1,389),  and the lowest in accommodation and food service activities (RON 1,557, EUR 334).

Romania has the second lowest average wage among the European Union member states, after Bulgaria.

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