Cystat reported that the average gross monthly earnings of employees in the fourth quarter of 2016 reached €2,176, compared with €2,167 during the fourth quarter of 2015. This marks an increase of 0.4% year on year.
The last time earnings rose compared with the year earlier was in the fourth quarter of 2012, when they expanded by 0.6%. This was shortly before the financial crisis in March 2013, an international bailout and a long recession.
The average monthly earnings of male employees in the fourth quarter of 2016 are estimated at €2,337, while female employees earned €1,989 - a difference of 15%.
On a seasonally adjusted basis, average monthly earnings rose by 0.3% to €1,879, compared with €1,873 in the third quarter.