06/12/2010 00:00 AST

Real wages in Czech economy grew 0.1% year-on-year in the third quarter, while the average gross monthly nominal wage per employee was 2% higher than a year ago, the Czech Statistical Office said Monday.

In the business sphere, the average nominal wage increased 2.9% year-on-year and the real wage grew 1%. In the non-business sphere, the average nominal wage was 1.8% less than a year earlier while real wages decreased 3.6% month-on-month.

During the three-month period, the volume of wages grew 0.8% annually, while the number of employees was down 1.2%. On a seasonally adjusted basis, the average gross monthly nominal wage increased 0.5% quarter-on-quarter and amounted to CZK 23,665.

For the first three quarters, the average wage totaled CZK 23,324, 2.3% higher than the same period last year. Real wages rose 1% during the period, the statistical office said.


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