XN000022-1985-11-29 — Page 10

FRIDAY, NOVEMBER 29, 1985

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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, GREW BY 11.7 PER CENT OVER JUNE 1984 TO 124.9 IN JUNE 1985, 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.

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 1984 AND 1985 WAS 129.0 IN JUNE 1985, REPRESENTING AN INCREASE OF 14.0 PER CENT AS COMPARED WITH JUNE 1984.

THESE SALARY INDEXES USED JUNE 1983 AS THE BASE PERIOD.

COMPARING JUNE 1985 WITH JUNE 1984, THE NOMINAL SALARY INDEX (A) FOR THE FINANCIAL INSTITUTIONS AND INSURANCE SECTOR INCREASED BY 13.3 PER CENT FOR THE BUILDING AND CONSTRUCTION AND RELATED TRADES SECTOR BY 12.9 PER CENT FOR THE MANUFACTURING- ELECTRICITY, GAS AND STEAM SECTOR BY 12.0 PER CENT; FOR THE WHOLESALE-RETAIL AND IMPORT-EXPORT TRADES SECTOR BY 11.0 PER CENT AND FOR THE TRANSPORT, STORAGE AND COMMUNICATION SECTOR BY 10.2 PER CENT.

OVER THE SAME PERIOD, THE NOMINAL SALARY INDEX (B) FOR THE FINANCIAL INSTITUTIONS AND INSURANCE SECTOR INCREASED BY 16.1 PER CENT FOR THE BUILDING AND CONSTRUCTION AND RELATED TRADES SECTOR BY 13.1 PER CENT FOR THE MANUFACTURING-ELECTRICITY, GAS AND STEAM SECTOR BY 13.8 PER CENT FOR THE WHOLESALE-RETAIL AND IMPORT-EXPORT TRADES SECTOR BY 14.1 PER CENT AND FOR THE TRANSPORT, STORAGE AND COMMUNICATION SECTOR BY 12.2 PER CENT.

BETWEEN JUNE 1984 AND JUNE 1985, THE NOMINAL SALARY INDEX (A) FOR LARGE COMPANIES INCREASED BY 8.8 PER CENT AND THAT FOR MEDIUM-SIZED COMPANIES BY 12.5 PER CENT. AS REGARDS THE NOMINAL SALARY INDEX (B), THE CORRESPONDING INCREASES WERE 13.4 PER CENT AND 14.1 PER CENT RESPECTIVELY, FOR DEFINITIONS OF LARGE AND MEDIUM-SIZED COMPANIES, SEE FOOTNOTE TO TABLE 1 WHICH, TOGETHER WITH OTHER TABLES, WILL BE SENT BY FACSIMILE NETWORK AND BOXED FOR COLLECTION.

THE NOMINAL SALARY INDEX (A) AND NOMINAL SALARY INDEX (B) FOR JUNE 1985 FOR THE MAJOR ECONOMIC SECTORS ANALYSED BY SIZE OF COMPANY ARE SHOWN IN TABLE 1 AND TABLE 2,

MEANWHILE, THE

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