Business News


March Pay Up in Nominal Terms, Down in Real Terms

Ljubljana, 15 May (STA) - Average net pay in Slovenia was at EUR 996.96 in March. Compared to the month before, it was by 0.3% higher in nominal terms but 0.5% lower in real terms. Gross pay was at EUR 1,526.41, 0.4% higher than in February in nominal terms and 0.4% lower in real terms, the Statistics Office said on Thursday.

The biggest increase in average gross pay was recorded in agriculture, hunting, forestry and fishing (+7.2%) and in science and technology (+6.3%).

On the other hand, the most significant drop in gross pay was seen in mining (-15.6%) due to the failure of companies to pay a part of the salaries for February, the Statistics Office said.

Data for the first quarter of the year shows an increase in pay in both nominal and real terms. Average net monthly pay in the first quarter was up 0.8% in nominal terms and 0.3% in real terms year-on-year. Average gross pay increased by 0.9% in nominal terms and 0.4% in real terms.

Average gross pay in the private sector in the first three months of the year was 1.8% higher than in the same period in 2013, while the same comparison for the public sector shows a 0.3% decrease.

The statistics show that the biggest year-on-year increase in gross pay was recorded in the first quarter in electricity, gas and steam supply (+5.2%). The biggest drop was meanwhile seen in the information and communication sector (-2.8%).

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