Slovakia - Nominal wages increase up to 22%, but real wages fall - April 30, 2023

The average nominal monthly wage in February 2023 increased year-on-year in all ten sectors of the economy. It rose the least, by 8.7%, in the sector with the highest wages – in information and communication (€ 2,322), and the most in the accommodation sector by 22% (€ 1,002). Wages rose by more than 15% in the sectors with the lowest wages - in food and beverage service activities (€ 683) and in construction (€ 928). In other sectors, wages rose between 10.3% to 14.3%. However, the high growth of consumer prices caused real wages to fall year-on-year in the majority of the industries. They dropped the most in information and communication by 5.8%, in industry by 4.4% and in selected market services by 3%. Real wages rose in only three sectors, by 5.7% in accommodation, and up to one percent in food and beverage service activities, as well as in construction.

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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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