Czech Republic: Decline in Real Wages Continued

BusinessEconomy ♦ Published: December 4, 2012; 14:59 ♦ (Vindobona)

In real terms, wages declines by 1.8% in the third quarter.

Czech Republic: Decline in Real Wages Continued / Picture: © Vindobona.org

In the third quarter of 2012 the average gross monthly nominal wage per full-time equivalent (FTE) employee in the entire national economy increased by 1.4% compared to the corresponding period of the previous year. Yet it fell by 1.8% in real terms.

In Q3 2012 the average gross monthly nominal wage1) (hereinafter only as “the…