Hungarian average gross, net earnings rise in June

(RTTNews) - Average gross and net earnings in Hungary rose annually in June, a report by the Hungarian Statistical Office said Tuesday. However, the number of employees declined in this period.

Average gross nominal earnings for full-time employees grew 9.7% annually in June compared with a 9.6% annual rise in May. The average gross earnings totaled HUF 200,198 in June, up from the revised HUF 195,731 in May. In the business sector, earnings rose 8.7% to HUF 191,488, while it increased 12.7% to HUF 225,637 for budgetary institutions.

Average net earnings increased 8.3% to HUF 122,470 in the month. It rose 7.5% in the business sector and 10.9% in budgetary institutions. Average earnings totaled HUF 118,649 for the business sector and HUF 133667 for budgetary institutions.

for details visit

http://www.dailymarkets.com/stocks/2008/08/19/hungarian-average-gross-net-earnings-rise-in-june/

posted by srikanth.....july10