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The net wage in RS for June drops 0.7% compared to previous month

The net wage in RS for June drops 0.7% compared to previous month
The average net wage paid in June 2017 in Republic of Srpska was 828 BAM (€425 ). This means that it is nominally 1.1% and actually 0.7% lower when compared with the previous month.

Compared to June 2016, the average net wage was nominally 2.0% and actually 2.4% lower. The average gross wage paid in June 2017 was 1,326 BAM (€680).

As it was explained at the press conference in RS Institute for statistic in Banja Luka on Tuesday, the average wage represents a quotient between total paid wages and number of employees paid in the referent month. Data were obtained through the Monthly report on employees and their wages. Wages of employees cover salaries for full time, part time and overtime work, payments from business entity resources for paid but not worked hours, such as annual leave, national holidays and days off as prescribed by law, paid leave, paid leave for vocational training, work interruptions without employee's' fault and sick leave paid by employer.

“Total consumer price index in RS in July 2017, in comparison with the previous month, was 0.3% lower. Compared to July 2016, the total consumer price index was on the average 0.3% higher", said the Institute director, Radmila Cickovic, at the press conference.

She added that number of employees in industry in July 2017, compared to the average monthly number of employees in 2016, was 5.0% higher; compared to the same month of 2016 it was 4.7% higher and compared to June 2017 it was 0.7% higher.

“The number of employees in industry in the period January- July 2017, compared to the same period of the previous year, was 4.2% higher”, Cickovic emphasized.

She also said that, during the period January - July 2017, volume of external trade of RS was 4 671 887 000 BAM (€ 2 395 839 487,17), out of which export covered 1 940 560 000 BAM (€ 995158974,35), and import 2 731 327 000 BAM (€ 1400680512,82).

RS external trade deficit during the period January - July 2017, according to Cickovic, was 790 767 000 BAM (€ 405521538,46), while coverage of import with export was 71.0%. Export during the period January - July 2017, compared to the period January - July 2016, was 21.7% higher, while import was 11.6% higher.

She also explained that the production of capital products compared to the previous year was higher by 24.5 percent, and that the production of intermediate products and non-durable consumer goods was also higher. On the other side, the production of energy and durable consumer goods was reduced./IBNA

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