Monthly earnings down by 0,9% in 3Q 2015 

Monthly earnings down by 0,9% in 3Q 2015 

Nicosia, December 29, 2015/Independent Balkan News Agency

The average gross monthly earnings of employees during the third quarter of 2015 amounted to €1.738 (males €1.880 and females €1.578), according to the preliminary estimations of the Statistical Service.

In comparison with the third quarter of 2014, a decrease of 0,9% was recorded in the average monthly earnings of employees (males -1.1% and females -0,9%). The corresponding percentage change observed during the third quarter of 2014 compared to the third quarter of 2013, was -3,2%.

In comparison with the second quarter of 2015 (seasonally adjusted data) the average monthly earnings of employees decreased by 0,4% (males -0,4% and females -0,4%). The corresponding percentage change observed during the third quarter of 2014 compared to the second quarter of 2014, was -0,4%.

It is noted that (a) temporary contributions of employees of the private sector and officials and employees of the central government and the broad public sector and (b) deductions in earnings of officials and employees of the central government and the broad public sector, do not affect the gross salary of employees but only their net income. Consequently, they are not reflected in the figures above, concludes the Statistical Service in its announcement.

Source: CNA