Tuesday 29 September 2009

DATA SNAP: Italian August Hourly Wages +2.4% On Year

Tue, Sep 29 2009, 08:04 GMT

DATA SNAP: Italian August Hourly Wages +2.4% On Year

By Luca Di Leo

ROME (Dow Jones)--Italian hourly wage growth in August rose significantly more than inflation as salaries of public sector workers increased, statistics office Istat said Tuesday.

Hourly wages in August rose by 2.4% on the year, accelerating from a 2.1% increase in July, Istat said. By comparison, the annual inflation rate in Italy stood at 0.1% in August.

Wages in the public administration rose by 3.1% on the year in August, while they were up an annual 2.1% in the private sector.

Public sector wages in Italy have risen twice as fast as the private sector in recent years despite lower productivity gains.

Statistics office web site: www.istat.it

-By Luca Di Leo, Dow Jones Newswires; +39 06 6976 6921; luca.dileo@dowjones.com

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(END) Dow Jones Newswires

September 29, 2009 04:04 ET (08:04 GMT)

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