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NewsMontenegro, The average salary in February amounted to EUR 771

Montenegro, The average salary in February amounted to EUR 771

The average salary without taxes and contributions in February amounted to EUR 771 and is 9.2% higher than in the same period last year, Monstat data show. Compared to January, net wages increased by 1.8%.

Monstat also states that the average gross salary in February was EUR 958.

– If it is taken into account that consumer prices in February recorded a growth of 0.5% compared to January, it follows that real earnings for the same period recorded a growth of 1.3% – they add.

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By sector of activity, average earnings without taxes and contributions in February compared to the previous month recorded growth in the sectors of information and communication 10.7%, mining and quarrying 10.6%, state administration and defense: mandatory social insurance 9.3 %, professional, scientific and technical activities 5.7%, and administrative and auxiliary service activities 4.7%.

Growth was also recorded in the electricity, gas, steam and air conditioning sectors 3.9%, education 2.2%, Financial and insurance activities 2.1%, accommodation and food services 1.6%, Real estate business 1.3% both wholesale and retail trade; repair of motor vehicles and motorcycles 0.5%. In the announcement of Monstat, it is stated that the decrease in the average net salary was recorded in the sectors of health and social protection by 5.1%, agriculture, forestry and fishing by 4.3%, artistic entertainment and recreational activities by 3.3%, and construction by 2.6%.

– The drop in wages was also recorded in the sectors of water supply, waste water management, process control, waste removal and similar activities 1.8%, manufacturing industry 1.3%, other service activities 0.2% and transport and storage 0.1% – it was concluded from Monstat.

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