In April 2012 gross average wages of the private sector increased by 6.5 percent, whereas net wages excluding family tax allowances were up by 3.5 percent compared to the corresponding period of the previous year – the Hungarian Statistical Office (KSH) reported earlier this morning in its statistical release.

The gross wage of the full time employed in April 2012 was 220 000HUF in the national economy, which corresponds to an increase of 2.5 percent in comparison to the same period of the previous year. Net wage – which was 142 000HUF – is actually unchanged compared to April 2011, but in this figure the favourable impact of family tax allowances which can be received for children has not been calculated. The net wage rise which has been muted compared to the dynamic growth of the past couple of months is primarily a consequence of the increasing significance of public employment schemes.

The gross average wage of private sector employees in April was 234 200HUF, while the net wage was 151 200HUF. The regular gross average wage of those employed at budgetary institutions – excluding public work employees – increased by 4.1 percent in comparison to the corresponding period of the previous year and it is currently 202 600HUF.
Employees in the financial and insurance sectors have continued to earn the highest wages, followed by the sectors of information and communication and after that by the energy industry sector. The lowest paid employees were in the hotel trade and catering sectors.

(Ministry for National Economy)