Hungary's average gross wage growth accelerated more than expected in March, official data showed Wednesday.
Average gross wages grew 3.2 percent year-on-year, following a 2.8 percent rise in February, the Central Statistical Office said. The rate exceeded the 3 percent rise forecast by economists.
The annual increase in net earnings rose to 4.4 percent in March from 4.1 percent in the previous month.
At corporations employing at least 5 persons, budgetary and designated non-profit institutions, average gross earnings increased by 2.9 percent during the first quarter, while net earnings excluding family tax benefits advanced 4.2 percent compared to the previous year.
Within gross earnings, regular wages increased by 3.4 percent on the average in the national economy compared to January to March 2012.
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