Romania reported an 8.3% year-on-year rise in net wages in August, driven by a 13.8% nominal increase and easing inflation.

In August, Romania reported an 8.3% year-on-year rise in net wages, driven by a 13.8% nominal increase despite a slight monthly decline. Easing inflation contributed to this real wage growth, marking a likely record for post-COVID Romania. Additionally, the National Institute of Statistics revised Q2 GDP upward by 3%, improving the annual growth rate to 0.9%. Increased household incomes are boosting consumption, though future growth may slow due to fiscal measures.

October 14, 2024
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