Monthly earnings of employees up annually by 3% in Q32019

Monthly earnings of employees in the third quarter of this year on an annual basis are estimated to have increased by 3%, provisional data released on Monday by the Cyprus Statistical Service show.

In particular based on the provisional data, the average gross monthly earnings of employees during the third quarter of 2019, amounted to Euros 1,878 compared to Euros 1,822 during the third quarter of 2018, recording an increase of 3.1%.

The average gross monthly earnings during the third quarter of 2019, when seasonally adjusted, are estimated at Euros 1,992. Compared to the second quarter of 2019 an increase of 1.1% is observed.

The average gross monthly earnings of male employees during the third quarter of 2019 are estimated at Euros 2,016 and of female employees at Euros 1,710.

Compared to the third quarter of 2018, the average gross monthly earnings of both male and female employees recorded an increase of 3%, the Statistical Service says.

Source: Cyprus News Agency