Bloomberg News

Hungary September Wages Rise at Slowest in Five Months

November 20, 2012

Hungary’s September average gross wage growth unexpectedly slowed to the weakest pace since April, data from the Budapest-based statistics office showed.

Average gross wages rose 3.7 percent from a year earlier to 213,523 forint ($969) after increasing 3.8 percent in August and jumping 7 percent in July, the data showed today. That compares with a 4.4 percent median estimate of eight economists in a Bloomberg survey.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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