CYPRUS: Monthly earnings drop in 2Q 2014, average €1,807

The average gross monthly earnings of employees during the second quarter of 2014 amounted to €1,807, with males earning an average of €1,971 and females €1,624.

According to the preliminary estimates of the Statistical Service, in comparison with the second quarter of 2013, a decrease of 3.9% was recorded in the average monthly earnings of employees, with -4.4% for males and -3.2% for females. The corresponding percentage change observed during the second quarter of 2013 was -1.6%.
In comparison with the first quarter of 2014 there was a decrease of 1.3% in the average monthly earnings of employees, with -1.4% for males and -1.0% for females. The corresponding percentage change observed during the second quarter of 2013 was -0.9%.
The Statistical Service notes that temporary contributions of employees of the private sector and officials and employees of the central government and the broad public sector, and deductions in earnings of officials and employees of the central government and the broad public sector, do not affect the gross salary of employees but only their net income, and consequently they are not reflected in these figures.