Friday, December 19, 2014

wages up 1.3 percent – The Messenger

wages up 1.3 percent – The Messenger

Positive signals for the industry: sales in October in positive returns on a monthly basis, with a rise of 0.4%, although in the annual comparison remains the minus sign. In fact, revenues, in terms of trend, recorded a drop (adjusted for calendar effects) of 0.7%. Istat records that, compared to September, sales increased both on the domestic market (+ 0.4%) and on the foreign (+ 0.3%), while the downward trend is explained everything with bad performances National (-1.4%), only partly mitigated by the rise marked out the border (+1.7%).

Looking at different sectors, resulting in significant growth in the sector on the manufacture of transport equipment (+15, 7%), while the more severe declines were recorded in the manufacture of coke and refined petroleum products (-9.4%), in manufacture of computer, electronic and optical products, medical equipment, measuring equipment and watches (-6, 4%) and in the food, beverages and tobacco (-5.3%).

As for wages, 2014 is going to end with a very small increase, but still enough to ensure an increase in purchasing power, given the very low inflation. Without wheelies now unlikely, in the current year the change will amount to 1.3%, the lowest level since the beginning of the series in 1982. The makers claim Istat survey with the release of figures for November: + 0.1% on the month and 1.1% on year.

By comparing the performance of contractual wages of public employees (who have suffered the block of renewals for the fourth consecutive year) with that of ‘inflation, we can estimate that from 2010 to 2013 were lost more than six percentage points in terms of purchasing power. With reference to the main macro sectors, in November contractual hourly wages were up 1.4% trend for private employees and no change for those of Pa. The sectors in November have the trend increases greater: tlc (3 , 5%), agriculture (3.1%), rubber, plastic and non-metallic mineral processing (3%). Changes in trade and void Pa.

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