Average monthly earnings of employees increase

The average monthly earnings of employees marked an increase in the first quarter of the year.

According to preliminary estimations, the average gross monthly earnings of employees during the first quarter of 2017, amounted to Euros 1,825 compared to Euros 1,817 during the first quarter of 2016, i.e. an increase of 0,5% is observed.

The average monthly earnings (seasonally adjusted data), during the first quarter of 2017 are estimated at Euros 1,876 compared to Euros 1,866 during the fourth quarter of 2016, i.e. an increase of 0,5% is observed.

The average monthly earnings of male employees during the first quarter of 2017 are estimated at Euros 1,973 and of female employees at Euros 1,649. Compared to the first quarter of 2016, the average monthly earnings of male employees recorded an increase of 0,6% and female employees recorded a decrease of 0,1%.

Source: Cyprus News Agency