Average net nominal earnings advance 0.3pct in July, to RON 1,556
In July 2012, the average net nominal earnings in Romania were RON 1,556, having increased against the previous month by RON 4 l (+0.3 percent), the National Statistics Institute (INS) reported on Tuesday.
The highest values of the average net nominal earnings were recorded in financial intermediation (RON 3,811), while the lowest in hotels and restaurants (RON 858).
The real earnings index for July 2012 as against previous month, calculated as the ratio between the net nominal earnings index and the consumer prices index, was 99.7 percent.
Compared with October 1990, the real earnings index was 122.2 percent, by 0.4 percentage points lower than the one recorded in June 2012.
Compared with July of the previous year, the average net nominal earnings increased by 5.8 percent. The real earnings index in relation with the same period of previous year was 102.7 percent.