Monthly earnings of employees in Cyprus record increase

The average monthly earnings of employees in Cyprus during the third quarter of 2010 recorded an increase of 3.6%, compared to the same period last year.

According to the preliminary estimates of the Statistical Service, the average monthly earnings of employees during the third quarter of 2010 amounted to 1,865 EUR, with 2,041 EUR for males and 1,653 EUR for females.

In comparison with the third quarter of 2009, an increase of 3.6% was recorded in the average monthly earnings of employees, with 3% for males and 4.8% for females.

The corresponding increase observed during the third quarter of 2009 was 2.6%. The increase mainly reflects the payment of the Cost of Living Allowance on the gross earnings of employees, 1.4% as from January 2010 and 0.92% as from July 2010.

In comparison with the second quarter of 2010, according to seasonally adjusted data, there was an increase of 1.8% in the average monthly earnings of employees, with 1.7% for males and 2.0% for females. The corresponding percentage change observed during the third quarter of 2009 was 0.0%, meaning that the earnings of employees had remained constant.