Polish CPI picks up growth to 2.4% y/y in April, flash estimate shows
1 day ago
Real wages in Ukraine grew 9.5% y/y in January, slightly slowing from a 9.7% y/y December advance, the State Statistics Service reported on February 28.
The average monthly nominal wage amounted to UAH9,223 a month ($331), dropping from UAH10,537 in December, or 13.6% m/m in real terms.
The leading regions for average monthly wages remained the city of Kyiv (UAH13,721), the Ukrainian-controlled Donetsk region (UAH10,045) and the Kyiv region (UAH9,772).
The largest nominal average wage growth was in information and communication services (25% y/y), the industrial sector (25% y/y) and construction (24% y/y). Within the industrial sector, the highest nominal wages were in pharmaceuticals (UAH17,663), mining (UAH13,883), and coke and oil production (UAH12,602).
“The drop in average monthly nominal wages after a December surge was caused by traditional bonus payments at the year end. Meanwhile, the year-on-year growth of real wages was almost unchanged. We expect real wages to climb 9-10% y/y in 2019,” Evgeniya Akhtyrko of of Concorde Capital said in a note.
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