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HK Mar Avg. Wage Rate +1.8% YoY
The Census and Statistics Department (C&SD) announced that the average wage rate for all the selected industry sections surveyed, as measured by the wage index, increased by 1....
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HK Mar Avg. Wage Rate +1.8% YoY
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2022/06/27 16:44
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The Census and Statistics Department (C&SD) announced that the average wage rate for all the selected industry sections surveyed, as measured by the wage index, increased by 1.8% in nominal terms in March over a year earlier. About 53% of the companies reported increase in average wage rates compared with a year ago. A total of 43% of the companies recorded decrease in average wage rates over the same period. The remaining 4% reported virtually no change in average wage rates.

A Government spokesman said that, with business severely disrupted by the fifth wave of local epidemic, nominal payroll per person engaged in the consumption-related industries, i.e. accommodation and food service activities, and retail trade, switched to slight declines, and that in the social and personal services industry showed a somewhat wider decrease.

On the other hand, nominal payroll per person engaged in other industries posted modest to moderate increases, but the increases in some of these industries (such as transportation, storage, postal and courier services; and manufacturing) were due to low bases of comparison.
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