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Serbia’s net monthly wage falls by real 3.5% y/y in Oct 2012 – table

Nov 26, 2012, 5:10:36 PMArticle by Djordje Daskalovic
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BELGRADE (Serbia), November 26 (SeeNews) – The average net monthly salary in Serbia fell by 3.5% year-on-year in real terms to 41,558 dinars ($475/368.4 euro) in October, data of the country's statistics office showed on Monday.

Serbia’s net monthly wage falls by real 3.5% y/y in Oct 2012 – table

On a monthly basis, Serbia’s net average salary was 0.4% higher than in September in real terms, data from the statistics office showed.

The average net salary for the first nine months grew 2.4% year-on-year in real terms.

In September, the average net monthly salary was 5.8% lower on the year and 6.5% lower compared to the previous month in real terms.

Details follow (pct change in real terms):

Oct’12 Sept’12 Oct’11
net salary (dinars) 41,558 42,122 38,167
m/m pct change 0.4 -6.5 -1.9
y/y pct change -3.5 -5.8 2.0
gross salary (dinars) 57,773 55,903 52,944
m/m pct change 0.5 -6.5 -2.1
y/y pct change -3.5 -5.9 1.8

(1 euro=112.8015 Serbian dinars)

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