Average gross monthly earnings up 3.1% in Q3

Average gross monthly earnings of Cypriot employees increased 3.1% to EUR 1,827 in the third quarter of 2018 compared to EUR 1,772 at Q3 2017, according to official data.

Cystat said “the data referring to Q3 2018, includes payments to employees of the Cyprus Cooperative Bank following its closure, therefore the increase is higher than expected”.

Average monthly earnings during Q3 2018, seasonally adjusted, are estimated at EUR 1,950 compared to EUR 1,920 in the previous quarter, an increase of 1.6%.

The average monthly earnings of male employees during Q3 2018 reached EUR 1,960 while for female employees it was a lower EUR 1,666 – a pay gap of 15%.