Istat: remuneration of 1.3% in 2014: a record low – The Messenger

Istat: remuneration of 1.3% in 2014: a record low – The Messenger

Contractual wages hourly average of 2014 were up only 1.3%. Detects Istat, explaining that it is the low, or the variation lowest since 1982, the year of the beginning of the series.

From year to year so Istat does that update the record low (in 2013 the average growth was 1.4%). A minimum reporting salaries back at least 32 years, the time of a generation. Data weighs on the sector of public administration, where contracts are blocked from 2010 and so are all the 2015. The only comfort comes from the prices, which have risen even less wages (+ 0.2% in 2014), with a positive impact on purchasing power.

However, it is a game down, where the spending power increases due to inflation almost exclusively flat. The individual sectors, the Institute of Statistics detects “increases significantly above average” for the wages of those who work in the fields of telecommunications (3.5%) of working rubber or plastics (2.9%), while growths near zero are found in construction (0.5%) and transport (0.6%). Nothing moves instead for public employment. Looking only to December, wages are still on a monthly basis, while rising just 1.1% in trend terms. In December, it also lengthens the average wait to see each other to renew the contract, which expired workers must wait before seeing him ‘to date, 37.3 months, or more than three years (32.2 in December of 2013).

The employment contracts pending renewal for December 37, of which 15 related to the Public Administration, for a total of about 7.1 million employees (2.9 million only in the public sector). Those working under an expired contract are therefore the majority, 55.5%.

Looking at the whole 2014, says Istat, total 17 contracts were implemented, corresponding to just less than two million workers. All renewals of the private sector, says the Institute of Statistics, have a three-year term for both the legislation and for the economic, as required by the new contract in force since 2009. The renewals are most relevant to the number of workers involved are those compartments of the building (over 600 thousand employees), agriculture (over 300 thousand) and textiles, (about 250 thousand).

Italian more ‘optimistic’ in January 2015, with the index of consumer confidence that exceeds the threshold percent (from 99.9 to 104.0), the highest since 6 months. But even better go for business (91.6 to 87.6), which together mark the highest level since September 2011 (thanks to the thrust of the sector relative to services).