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September 28, 2020
BUSINESS

Average nominal net wage income advances to RON 1,857 in April

Average nominal net wage income in Romania was RON 1,857 in April 2015, up 1.5 per cent on a monthly basis and 7 per cent from April 2014, according to data released on Monday by the National Statistics Institute (INS).
The April 2105 average gross wage income was RON 2,564, up 1.4 per cent from March 2015.
Data with INS indicate that the average nominal net income in most of the economic sectors was higher than a month before as a result of occasional bonuses, including quarterly, annual, high performance and Easter bonuses, as well as money from other funds, including meal tickets and gift tickets, and higher corporate revenues.
The highest increase in the net wage income, of 18.6 per cent, was reported in financial intermediation, with the exception of insurance and pension funds, followed by the manufacturing of means of transportation, electricity, heat, natural gas, hot water and air conditioning generation and provision and ancillary financial intermediation – including insurance and pension funds – coal mining, telecommunications and mining related services, with rises of between 10 and 14.5 per cent.
On the other hand, monthly decreases in the average net income were the result of production failures and smaller than expected revenues as well as financial hardships facing business operators, and staff hiring on small wages.
The most significant drop, of 29.7 per cent, was recorded in the tobacco industry.
Slight monthly increases of 0.6 per cent were reported in the public sector, the education system, while the average net wage income was down 0.8 per cent in the public administration, and also down 0.3 percent in the healthcare and social security branches.
Data with INS indicate that the average nominal net wage income in April 2015 was up 7 per cent, year-over-year.

 

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