Average gross monthly earnings of employees up by 3,1% in the third quarter

The average gross monthly earnings of employees stood at Euros 1.827 in the third quarter of 2018 compared to Euros 1.772 during the third quarter of 2017, an increase of 3,1%, according to provisional data published by the Statistical Service on Monday.

Cystat said that the data referring to the third quarter of 2018, include payments to the employees of the Cyprus Cooperative Bank at its closure and thus, the increase is higher than expected.

The average monthly earnings during the third quarter of 2018, seasonally adjusted, are estimated at Euros 1.950 compared to Euros 1.920 during the second quarter of 2018, an increase of 1,6%, the Statistical Service added.

The average monthly earnings of male employees during the third quarter of 2018 are estimated at Euros 1.960 and of female employees at Euros 1.666. Compared to the third quarter of 2017, the average monthly earnings of male employees increased by 2,8% and of female employees by 3,3%.

Source: Cyprus News Agency