Average nominal salary stood at €883 per month in 2015

The average nominal monthly salary for the whole of 2015 increased by 2.9 percent year-on-year to reach €883, the Slovak Statistics Office announced on Tuesday. The growth in nominal salaries in 2015 was 1.2 percentage points lower than in 2014. Real salaries posted a year-on-year increase of 3.2 percent. In the fourth quarter of 2015, meanwhile, the average nominal monthly salary rose by 4.1 percent year-on-year to €956. A moderate drop in consumer prices compared to growth in nominal salaries influenced developments in real salaries, which went up by 4.6 percent year-on-year. The highest average monthly salaries in the final quarter of last year were paid in information and communications - €1,944; in finance and insurance - €1,686; and in electricity, gas and steam supplies - €1,560. The average nominal monthly salary in the fourth quarter of 2015 was higher than the national average only in the Bratislava region (€1,185). In other regions it ranged from €776 in Prešov region to €894 in the Trenčín region. Average salaries grew year-on-year in all regions, with the biggest increase of 6.9 percent recorded in Žilina region.