Hungary: Real Income Falls Further

BusinessEconomy ♦ Published: September 19, 2012; 16:15 ♦ (Vindobona)

In the first seven months of 2012, the Hungarian real income was down by 4%.

Hungary: Real Income Falls Further / Picture: ©

In July 2012, 3.6 million employees were recorded. Against July 2011, this is an increase by 7.1%. In June, the growth rate was still 4.1%. In the public sector, employment was up by 1.0%. The private sector showed an increase in employment of 9.2%.

According to the Hungarian Statistical Office, the average net income was up by 4.4% in July. In the first seven months, there the…

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