Average wage growth to reach 6.5% in Estonia in 2012, taking into consideration that the wage growth in the services sector will accelerate during the second half of the year, Swedbank said in a statement.
Real wage growth is expected to reach 2.3% on average, but slower growth is increasingly more likely due to growing risks regarding higher inflation, writes LETA.
The average monthly gross wage increased by 5% in annual comparison in the second quarter, reaching 900 euros.
Real wage growth, at the same time, slowed from 2.4% in the first quarter to 1.1%, affected by slowing nominal wage growth as well as delay in the inflation deceleration. The largest wage increases were observed in domestic demand related sectors and/or sectors which are affected by qualified labor shortage problems.