Gross wages and salaries

Indices of wages and salaries: Fourth quarter 2018

Economic indicators
Indices of wages and salaries: Fourth quarter 2018

The index of gross wages and salaries in industry amounted to 124.34 in the fourth quarter of 2018. This represents an increase of 3,2% compared to the fourth quarter of 2017.

The index of gross wages and salaries in construction amounted to 124.62 in the fourth quarter of 2018. This represents an increase of 6,4% compared to the fourth quarter of 2017.

The index of gross wages and salaries in trade and repair amounted to 121.87 in the fourth quarter of 2018. This represents an increase of 2,5% compared to the fourth quarter of 2017.

The index of gross wages and salaries in services amounted to 130.31 in the fourth quarter of 2018. This represents an increase of 4,0% compared to the fourth quarter of 2017.

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The figures for the fourth quarter of 2018 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.

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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