Gross average monthly earnings rise by 1% in Q4 2017

The average gross monthly earnings of employees in Cyprus rose by 1% in the fourth quarter of 2017 compared with the respective period of 2016, the Cyprus Statistical Service (Cystat) said on Monday.

According to preliminary data, the average gross earnings of employees amounted to Euros 2,169 in Q4 of 2017 compared with Euros 2,149, in Q4 of 2016. Based on seasonally adjusted data, average monthly earnings in Q4 2017 are estimated at Euros 1,892 compared to Euros 1,885 in the third quarter of 2017 recording an increase of 0.4%.

Men’s gross average monthly earnings reached Euros 2,313 in Q4 of 2017 registering an increase of 0.5%, compared with the respective period of 2016.

Women’s, gross average monthly earnings increased by an annual 1.2% in Q4 2017 amounting to Euros 1,998, compared with Euros 1,793 in Q4 2016.

According to Cystat data, gross monthly earnings were in negative territory for three years starting from Q1 of 2013. The rise recorded in Q4 of 2017 was the highest since Q4 2012.

Source: Cyprus News Agency