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Average weekly pay increased at fastest pace in a decade in Q2

Average weekly pay increased at fastest pace in a decade in Q2

Wage pressures are continuing to take hold in the economy with average weekly earnings growing by 3.5% in the year to June, the highest rate of growth in around a decade.

According to figures from the CSO, average weekly earnings stood at €771.12 at end June, up from €745.09 a year earlier.

Earnings increased in 12 of the 13 sectors of the economy examined.

There are large variations across sectors with the highest average earnings in the Information and Communications industry where weekly pay comes in at an average of €1,212.57.

That was followed by the Financial, insurance and real estate activities sector where average pay stood at €1,140.09 per week.

The lowest average weekly earnings were €365.59 in the Accommodation and food service activities sector.

The pace of increase in pay in the private sector outpaced that in the public sector.

Average weekly earnings in the public sector, including semi-state, increased by 2% from €962.16 to €980.98 in the year to June 2019.

The pace of increase in average weekly earnings in the private sector came in at 3.9%, increasing from €683.58 to €709.98 over the same period.

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