The increase would have been greater had it not been for inflation
Average salaries of Portuguese workers rose by 2.4% in real terms in the quarter ending September, which is explained by a slowdown in inflation. According to data released on Monday by the National Institute of Statistics (INE), in absolute terms, the average salary rose by 5.9% to 1,438 euros.
“The average gross wage per worker rose by 5.9%, to 1,438 euros, in the quarter ending in September, compared to the same period in 2022,” highlights the National Institute of Statistics, in its statistical data highlights. Now, in the second quarter, the average salary rose 6.9%, which means there was a slowdown between July and September.
On the other hand, the Census Office shows that the regular component – which excludes Christmas and holiday bonuses and is therefore less seasonal – and the basic component of the average salary increased by 6.2% and 6.6%, to 1,216 euros and 1,145 euros. , respectively. In this case too, there was a slowdown compared to the changes recorded in the second quarter.
Regarding the impact of inflation on the Portuguese wallet, the National Institute of Statistics says that, in real terms, the average gross monthly wage rose by 2.4%, with the regular component increasing by 2.6% and the basic component rising by 3%.
“This is the fifth consecutive month in which real salary increases have been recorded since November 2021,” highlights the National Institute of Statistics. However, for the quarter ending June 2023, there was a slowdown in real wages (from 2.6% to 2.4%).
Regarding the disparity between sectors and employers of different sizes, the Census Bureau reported that the largest increases were observed in “extractive industries” (9.5%), in companies with one to four workers (7.1%), and in the private sector (6.3%). And in “knowledge-intensive market services” companies (9.0%).
It is worth noting that these results cover 4.7 million jobs, which corresponds to Social Security beneficiaries and subscribers to the Caixa Geral de Aposentações (CGA).
(News updated at 11:45 a.m.)
Andrea Hargraves is a contributor to Brytfmonline.com, covering a broad range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. She is committed to delivering clear, accurate, and reader-focused reporting that helps audiences stay informed about current events and emerging developments. Andrea’s work emphasizes useful information, balanced coverage, and stories that matter to everyday readers, making complex topics accessible and relevant to a wide audience.