FC040/1616
the
4.16
Reflecting
reduced level of activity in th construction sector, construction wage rates rose by only 5% in money terms in the twelve months ending March 1983. After adjusting for the effect of consumer price increases, there
was a fall of 4% in real terms. This trend continued into the
second quarter, So that, in the twelve months ending June
1983, construction wage rates rose by 4% in money terms, or
declined by 5% in real terms.
42
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