XN000022-1994-01-24 — Page 5

MONDAY, JANUARY 24, 1994

WAGE INDICES FOR SEPTEMBER 1993

* *

*

STATISTICS

THE OVERALL NOMINAL WAGE INDEX FOR SEPTEMBER LAST YEAR WAS 10.4

HIGHER PER CENT

THAN IN SEPTEMBER

ACCORDING TO 1992, RELEASED TODAY (MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

AFTER DISCOUNTING FOR INFLATION, THE OVERALL REAL

1993 SHOWED AN INCREASE OF 2.4 PER CENT SEPTEMBER

FOR EARLIER.

WAGE INDEX OVER A YEAR

COMPARING SEPTEMBER 1993 WITH MARCH 1993 AND BEARING THAT THIS COMPARISON MAY BE AFFECTED BY SEASONAL FACTORS, WAGE INDEX SHOWED AN INCREASE OF 4.6 PER CENT IN NOMINAL TERMS.

IN MIND

THE OVERALL

AFTER DISCOUNTING FOR INFLATION, HOWEVER, THERE WAS A DROP OF 0.3 PER CENT IN REAL TERMS.

MARGINAL

SERVICES

ANALYSED BY INDIVIDUAL ECONOMIC SECTORS, THE NOMINAL WAGE INDEX FOR BUSINESS SERVICES SHOWED THE FASTEST YEAR-ON-YEAR RATE OF INCREASE

FOLLOWED

PERSONAL BY TRANSPORT SERVICES (10.8%), (12.2%), (10.4%), WHOLESALE, RETAIL AND IMPORT/EXPORT TRADES, RESTAURANTS HOTELS (10.3%) AND MANUFACTURING (10.0%).

MARCH WITH

1993, AND BEARING

AND

COMPARED

IN MIND THAT THIS THE LARGEST HALF- COMPARISON COULD BE AFFECTED BY SEASONAL FACTORS, YEARLY INCREASE WAS RECORDED IN TRANSPORT SERVICES (7.0%), FOLLOWED BY TRADES, PERSONAL SERVICES (5.5%), WHOLESALE, RETAIL AND IMPORT/EXPORT RESTAURANTS AND HOTELS (4.9%), MANUFACTURING SERVICES (1.8%).

(4.6%)

AND BUSINESS

GIVEN IN

THE NOMINAL AND REAL WAGE INDICES FOR THE PERIOD SEPTEMBER 1992 TO SEPTEMBER 1993 FOR SELECTED MAJOR ECONOMIC SECTORS ARE TABLE 1 AND TABLE 2 RESPECTIVELY BELOW.

DETAILED

OF BREAKDOWNS

THE NOMINAL WAGE MANUFACTURING SECTOR ARE GIVEN IN TABLE 3.

THE WAGE

FOR INDEX

THE

HALF- CONDUCTED BY

INDICES ARE DERIVED FROM THE RESULTS OF THE YEARLY SURVEY OF WAGES, SALARIES AND EMPLOYEE BENEFITS THE CENSUS AND STATISTICS DEPARTMENT.

THE SURVEY COVERS BOTH MANUAL AND NON-MANUAL WORKERS (EXCLUDING EMPLOYEES AT ADMINISTRATIVE

SELECTED AND PROFESSIONAL LEVELS) IN INDUSTRIES IN FIVE MAJOR ECONOMIC SECTORS.

A

FOR SPOKESMAN

THE CENSUS AND

DEPARTMENT DREW STATISTICS

INDICES ATTENTION TO THE DIFFERENCE BETWEEN THE WAGE INDICES AND THE OF PAYROLL PER PERSON ENGAGED WHICH ARE PUBLISHED BY THE DEPARTMENT AT QUARTERLY INTERVALS.

HE POINTED OUT THAT IN ADDITION TO WAGES WHICH INCLUDE ALL

OTHER REGULAR PAYMENTS, PAYROLL ALSO INCLUDES OVERTIME PAY AND GUARANTEED AND IRREGULAR BONUSES AND ALLOWANCES.

THE

NON-

/HENCE, STATISTICS