Average monthly earnings of employees down 3.3% in Q1 on an annual basis

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Based on provisional data, the average gross monthly earnings of employees during the first quarter of 2021, amounted to €1,880 compared to €1,945 during the first quarter of 2020, recording a decrease of 3.3%.According to the Statistical Service of Cyprus, the average gross monthly earnings during the first quarter of 2021, seasonally adjusted, are estimated at €1,961 and compared to the fourth quarter of 2020 they have recorded a drop of 1.7%. It is clarified that the amount taken into account …

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