Cyprus employee earnings up by 2.9% in Q42019, provisional data show

Cyprus employee earnings recorded an increase of 2.9% in the fourth quarter of 2019 on an annual basis, provisional data released by the Cyprus Statistical Service, on Monday, show.

A press release published in the Statistical Service’s website notes that based on provisional data, the average gross monthly earnings of employees during the fourth quarter of 2019, amounted to €2,269 compared to €2,205 during the fourth quarter of 2018,” adding that “an increase of 2.9% is observed.”

The average gross monthly earnings during the fourth quarter of 2019, seasonally adjusted, are estimated at €2,004 and compared to the third quarter of 2019 increased by 0.8%, the Statistical Service says.

The average gross monthly earnings of male employees during the fourth quarter of 2019 are estimated at €2,400 and of female employees at €2,112.

Compared to the fourth quarter of 2018, the average gross monthly earnings of male employees recorded an increase of 2.3% and of female employees an increase of 3.8%, the press release concludes.

Source: Cyprus News Agency

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