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HK Avg. Wage Rate Climbs 3.4% YoY in Jun
2026-09-28 17:02:48 According to the figures released by the Census and Statistics Department (C&SD), the average wage rate for all the selected industry sections surveyed, as measured by the wage index, increased by 3.4% in nominal terms in June 2026 over a year earlier. About 62% of the companies reported increase in average wage rates in June 2026 compared with a year ago. A total of 33% of the companies recorded decrease in average wage rates over the same period. The remaining 5% reported virtually no change in average wage rates. After discounting the changes in consumer prices as measured by the Consumer Price Index (A), the overall average wage rate for all the selected industry sections surveyed increased by 1.6% in real terms in June 2026 over a year earlier. As for payroll, the index of payroll per person engaged for all the industry sections surveyed increased by 3.5% in nominal terms in the second quarter of 2026 over a year earlier. ~ AASTOCKS Financial News Website: www.aastocks.com | |