Employment in business sector seen up at 2.8% in December - analysts

December 2018 showed a decline in the growth rate of employment in the business sector (in annual terms) compared to the previous month. The growth rate of wages in this sector slowed down as well, economists surveyed by ISBnews said.

Eleven surveyed analysts expect employment growth to reach 2.7-2.9 percent y/y in the business sector, with an average at 2.82 percent y/y in December (versus an increase of 3 percent y/y in November 2018). The analysts estimate that remuneration in this sector increased by 6.8-8.2 percent y/y, with an average of 7.34 percent y/y (against 7.7 percent growth in November).