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Wage Rate Index - 2nd Quarter 2019
(Base: fourth quarter 2016=100)
The wage rate index increased by 0.5% or 0.6 point to reach 112.3 in the
quarter of 2019 from 111.7 in the first quarter 2019.
2. Main changes registered in the sub-indices from 1
Quarter 2019 to 2
Quarter 2019 are:
Mining and quarrying
Administrative and support service activities
Wholesale and retail trade; repair of motor vehicles and motorcycles
Electricity, gas steam and air conditioning supply
Professional, scientific and technical activities
Public administration and defence; compulsory social security
Human health and social work activities
The wage rate index for the
accounts for around 3
% of the total weight of the wage rate index
, decreased by 0.5% to reach 105.6 in the second quarter of 2019, from 106.1 in the first quarter 2019, mainly explained by recruitment of new employees.
4. The index for the public sector, which comprises general government and public enterprises and accounting for around 46% of the wage rate index, decreased by 0.2% or 0.2 point from 109.7 in the first quarter 2019 to 109.5 in the second quarter 2019.
The index for the private sector, which accounts for around 54% of the total weight of the wage rate index, increased by 1.2% or 1.4 points from 113.3 in the first quarter 2019 to 114.7 in the second quarter 2019.
Ministry of Finance and Economic Development