Estonia - Wage growth slows down - November 30, 2016

According to Statistics Estonia, monthly gross wages and salaries averaged 1,119 euro in the third quarter of 2016, marking a 7.1 increase compared to the same period in 2015 but a decline of 3.8 percent against the second quarter of 2016. The slowdown of the rise in average wages was mainly due to a decrease in irregular bonuses and premiums and an increase in the number of paid leave days. Irregular bonuses and premiums excluded, the average monthly gross wages and salaries fell 2.6 percent compared to the previous quarter.

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