Slovakia - Decline in real wages - May 31, 2023

According to the Statistical Office, in all ten sectors of the economy, the pace of year-on-year growth of the average nominal monthly wage slowed down in March 2023. Wages increased the most in the sectors with the lowest wages – in food and beverage service activities by 18% to € 700, construction by 15% to € 1,000 and in accommodation by 15% to € 1,038. The smallest wage increases could be observed in the sector with the highest wages: information and communication by almost 6% to € 2,617. Due to the high inflation real wages were lower year-on-year in 7 out of 10 monitored sectors. They dropped the most in information and communication (7.8%), in transportation and storage (5.7%) and in industry (5.1%). The real wage increased by 2.8% in food and beverage service activities and very slightly in accommodation and construction (equally by 0.2%).

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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.
You may find further information on the ETUI at www.etui.org.

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