2023-08-04 09:14:00
Wages rose 4.6% year on year, while consumer prices rose 4.4%, according to preliminary data.
By IM with AFP
© Patrick Lefevre / MAXPPP / BELPRESS/MAXPPP
Published on
AT According to provisional figures published Friday, August 4 by the Ministry of Labor, the basic monthly salary index (SMB) in the private sector increased by 1% in the second quarter compared to the first, an increase of 4.6% over one year, higher than that of prices (4.4%). The SMB, measured in private companies (excluding agriculture) with 10 or more employees, represents the gross salary, ie before the deduction of social security contributions and the payment of social benefits, and excluding bonuses and overtime.
The basic hourly wage index for workers and employees (SHBOE) increased by 1.1% compared to the first quarter of 2022 and by 5.2% over one year.
« These developments must be set once morest inflation », recalls in its press release the statistics department of the Ministry of Labor (Dares). Consumer prices (excluding tobacco and for all households) increased by 4.4% between the end of June 2022 and the end of June 2023.
A lesser increase (4.1%) in construction
« Over one year and in constant euros, the SHBOE therefore increased by 0.7% and the SMB by 0.2% », underlines the Dares. By sector of activity, the SMB progressed, during the second quarter, by 1.1% in industry, 1.0% in the tertiary sector and 0.9% in construction. Over one year, the increase was 4.7% for industry, 4.6% for the tertiary sector and 4.1% for construction.
READ ALSOWill there be a conflict of distribution (of income)?
By socio-professional category, the SMB increased during the 2e quarter of 1.3% for employees and 0.9% for manual workers, intermediate professions and managers. Over one year, it rose by 5.2% for workers, 4.9% for employees, 4.3% for intermediate professions and 3.7% for executives.
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