TUESDAY, DECEMBER 9,
1986.
10
JUNE NOMINAL WAGE INDEX PUBLISHED
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THE OVERALL NOMINAL SALARY INDEX (A), MEASURING CHANGES IN AVERAGE SALARY LEVELS FOR MANAGERIAL AND PROFESSIONAL EMPLOYEES, INCREASED BY 9.0 PER CENT OVER JUNE 1985 TO 136.1 IN JUNE 1986, ACCORDING TO THE FINDINGS OF THE SURVEY OF SALARIES AND EMPLOYEE BENEFITS (MANAGERIAL AND PROFESSIONAL EMPLOYEES - EXCLUDING TOP MANAGEMENT) RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.
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THE OVERALL NOMINAL SALARY INDEX (B), WHICH MEASURES THE CHANGES IN AVERAGE SALARY LEVELS ONLY FOR THOSE MANAGERIAL AND PROFESSIONAL EMPLOYEES WHO REMAINED IN THE SAME JOB AND IN THE SAME COMPANY IN 1985 AND 1986 WAS 144.5 IN JUNE 1986, REPRESENTING AN INCREASE OF 12.0 PER CENT AS COMPARED WITH JUNE 1985.
THESE SALARY INDEXES USE JUNE 1983 AS THE BASE PERIOD.
FOR
COMPARING JUNE 1986 WITH JUNE 1985, THE NOMINAL SALARY INDEX (A) FOR THE MANUFACTURING-ELECTRICITY, GAS AND STEAM SECTOR INCREASED BY 5.5 PER CENT: FOR THE BUILDING AND CONSTRUCTION AND RELATED TRADES SECTOR BY 10.6 PER CENT THE WHOLESALE-RETAIL AND IMPORT-EXPORT TRADES SECTOR BY 11.9 PER CENT FOR THE TRANSPORT, STORAGE AND COMMUNICATION SECTOR BY 7.1 PER CENT AND FOR THE FINANCIAL INSTITUTIONS AND INSURANCE SECTOR BY 9.0 PER CENT.
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OVER THE SAME PERIOD, THE NOMINAL SALARY INDEX (B) FOR THE MANUFACTURING-ELECTRICITY, GAS AND STEAM SECTOR INCREASED BY 8.6 PER CENT FOR THE BUILDING AND CONSTRUCTION AND RELATED TRADES SECTOR BY 12.8 PER CENT FOR THE WHOLESALE-RETAIL AND IMPORT- EXPORT TRADES SECTOR BY 14.2 PER CENT FOR THE TRANSPORT, STORAGE AND COMMUNICATION SECTOR BY 10.2 PER CENT AND FOR THE FINANCIAL INSTITUTIONS AND INSURANCE SECTOR BY 13.3 PER CENT.
BETWEEN JUNE 1985 AND JUNE 1986, THE NOMINAL SALARY INDEX (A) FOR LARGE COMPANIES INCREASED BY 9.4 PER CENT AND THAT FOR MEDIUM-SIZED COMPANIES BY 8.9 PER CENT, AS REGARDS THE NOMINAL SALARY INDEX (B), THE CORRESPONDING INCREASES WERE 13.0 PER CENT AND 11.7 PER CENT.
DEFINITIONS OF LARGE AND MEDIUM-SIZED COMPANIES, ARE SHOWN IN THE FOOTNOTE TO TABLE 1.
THE NOMINAL SALARY INDEX (A) AND NOMINAL SALARY INDEX (B) FOR JUNE 1986 FOR THE MAJOR ECONOMIC SECTORS ANALYSED BY SIZE OF COMPANY ARE SHOWN IN TABLE 1 AND TABLE 2.
/MEANWHILE, THE