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C&SD: Mar Avg Wage Index Hikes 4% YoY
According to the figures released by the Census and Statistics Department (C&SD), the average wage rate for all the selected industry sections surveyed, as measured by the wage...
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C&SD: Mar Avg Wage Index Hikes 4% YoY
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2018/06/26 16:45
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According to the figures released by the Census and Statistics Department (C&SD), the average wage rate for all the selected industry sections surveyed, as measured by the wage index, increased by 4% in nominal terms in March 2018 over a year earlier. About 68% of the companies reported increase in average wage rates in March 2018 compared with a year ago. 27% of the companies recorded decrease in average wage rates over the same period. The remaining 5% reported virtually no change in average wage rates. After discounting the changes in consumer prices as measured by the Consumer Price Index (A), the overall average wage rate for all the selected industry sections surveyed increased by 1.2% in real terms in March 2018 over a year earlier.
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