Gross wages and salaries

Indices of wages and salaries: third quarter 2020

Economic indicators
Indices of wages and salaries: third quarter 2020

The index of seasonally adjusted wages and salaries in industry amounted to 108.69 in the third quarter of 2020. This represents a decrease of 2.8% compared to the third quarter of 2019.

The index of seasonally adjusted wages and salaries in construction amounted to 116.61 in the third quarter of 2020. This represents an increase of 1.4% compared to the third quarter of 2019.

The index of seasonally adjusted wages and salaries in trade and repair amounted to 108.16 in the third quarter of 2020. This represents a decrease of 1.2% compared to the third quarter of 2019.

The index of seasonally adjusted wages and salaries in services amounted to 119.12 in the third quarter of 2020. This represents a decrease of 3.1% compared to the third quarter of 2019.

The use of temporary unemployment generated a loss of income. Nevertheless, as enterprises made less use of temporary unemployment in the third quarter than in the second quarter, indices have improved. These increases are the following: 14.0 % for the trade and repair sector, whose seasonally adjusted index went from 94.89 to 108.16; also 14.0 % in the service sector, where the index went from 104.48 to 119.12; 16.4 % in the construction sector, with an increase from 100.20 to 116.61 and finally 6.5 % in the industry with an index increasing from 102.04 to 108.69. 

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The figures for the third of quarter 2020 are provisional.

What changes from July 2018

From July 2018 on (reference quarter=first quarter 2018), the indices will be published with reference year 2015 = 100.

These results have been reviewed

Purpose and brief description

Wages and salaries are defined as 'the total remuneration, in cash or in kind, payable to all persons counted on the payroll (including homeworkers), in return for work done during the accounting period' regardless of whether it is paid on the basis of working time, output or piecework and whether it is paid regularly or not.

Population

Employers NSSO exercising their economic activity in sections NACE Rev 2 C to M (Industry, retail trade and services)

Frequency

Quarterly

Timing publication

Results available 3 months + 15 days after the reference period

Definitions

Indices of Total Wages and Salaries : Wages and salaries are defined as 'the total remuneration, in cash or in kind, payable to all persons counted on the payroll (including homeworkers), in return for work done during the accounting period' regardless of whether it is paid on the basis of working time, output or piecework and whether it is paid regularly or not.

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