Net average wage reaches 199 euros

The net average wage returned to growth in June after the 3.1% loss it registered in May. Thus, the net average salary reached 7.21 million ROL, only 0.2% higher than the level posted in the previous month, amid some mixed developments across various activity sectors, according to the National Statistics Institute (INS). Computed in euros, the net average salary in June progressed by 1% against May, to 199 euros, a higher increase than the one in RON owing to the appreciation of the domestic currency against the single European currency. Against December 2004, the net average salary rose by almost 5% in nominal terms in June. Calculations in euro point, however, to a 12.6% advance, in the context where the domestic currency surged by 9% against the euro during January-June period. As regards the gross average salary, it stood at 9.43 million RON (261 euros) in June, witnessing the same variation against the previous month as the net average salary. ZF