Slovakia - Real wages increase in all sectors - April 30, 2024

Nominal wages were higher year-on-year in all sectors, growing at a double-digit rate in 3 of them. The average nominal monthly wage in February 2024 was higher year-on-year in all 10 sectors monitored on a monthly basis. It increased at a double-digit rate in three of them, i.e.  in transportation and storage (13%), industry (12.6%) and accommodation (10.9%). After taking into account the impact of inflation, which is slowly decreasing, wages also rose in real terms, in all sectors except information and communication. Real wage growth ranged from less than 4% in wholesale and construction to more than 9% in transportation, including storage. Real wage growth above 9% was last recorded in January 2023 in accommodation.

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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
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