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Czech Republic: Decline in Real Wages Continued
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…
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