After half of year of leading the charts in terms of net earnings, oil and natural gas extraction workers have been surpassed in October by programming, consultancy and information service employees, data released by the National Institute for Statistics (INS) show.
Both gross and net nominal earnings increased by 2.1 percent in October over the previous month, sustained by a majority of fields which benefited from increases in net salaries. The most notable ones were in insurance, reinsurance and pension funding (8.5 percent), manufacture of pharmaceutical products (6.7 percent), research and development, financial services, metal manufacture, arts, entertainment, electricity, gas and air conditioning supply and media production (between 3.5 percent and 5 percent) and real estate, mining, repair and installation of machinery, manufacture of paper and paper products (between 2 and 3 percent).
The most significant decrease in net salaries was seen in the area of oil and gas extraction, which fell 25.2 percent. Other notable decreases were registered in manufacture of coke and refined petroleum products, mining support service activities, air transport (between 10 and 18 percent) and manufacture of tobacco products, beverages and computer and other electronic products (between 2 and 3.5 percent).
In the budgetary sector rises were seen in health and social assistance (16.7 percent) following the application of GEO no. 35/2015, in education (3.9 percent) due to the amounts representing the hourly payments of teaching staff, respectively in public administration (0.7 percent).
Compared to October of the previous year, net nominal earnings increased by 9.7 percent, with the real earnings index (calculated as the ratio between the net nominal earnings index and the consumer prices index) reaching 111.5 percent in relation with the same period of previous year. Against the previous month, the index stood at 101.8 percent, while compared to October 1990 it reached 141.7 percent, 2.5 percentage points higher than the one recorded in September 2015.