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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.
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Rumania informó de un aumento del 8,3% interanual de los salarios netos en agosto, impulsado por un aumento nominal del 13,8% y la disminución de la inflación.