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BackHong Kong wages rise 3.4 per cent in June
Hong Kong wages rise 3.4 per cent in June
NEWS
SCMP Economy1 hour agoBusiness1 min readChina

Hong Kong wages rise 3.4 per cent in June

Government forecasts continued pay growth amid sustained economic expansion and labour demand

wageshong kongeconomy

Quick Look

  • Hong Kong wages grew by 3.4 per cent year-on-year in June, with real wages rising 1.6 per cent after inflation.
  • The government expects further pay increases due to sustained economic expansion and strong labour demand across all surveyed industries.

AI-generated summary

Why It Matters

The data is based on the consumer price index (A) and covers all surveyed industries in Hong Kong.

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Hong Kong wages rose by 3.4 per cent year on year in June, with the government forecasting further pay rises ahead on the back of sustained economic expansion and labour demand.

Figures released on Monday by the Census and Statistics Department showed that the 3.4 per cent nominal wage rise was broad based across all surveyed industries.

After adjusting for inflation using the consumer price index (A), overall real wages grew by 1.6 per cent in June year on year, keeping basic pay growth ahead of rising living costs.

A government spokesman said that wages and labour earnings had continued to increase solidly in the second quarter of the year.

Open Questions

  • Which specific industries saw the highest wage growth?

Related Topics

wages
OrganizationsCensus and Statistics Department
PlacesHong Kong
Topicshong kongeconomyinflationlabour market
This article was originally published by SCMP Economy.

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