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 From Hong Kong's Information Services Department
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November 7, 2006
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Surveys
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Managerial, professional staff pay up 2.4%
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Census & Statistics Department

The average monthly salaries for middle-level managerial and professional employees in all major sectors surveyed taken together rose 2.4% in June over a year earlier, the Census & Statistics Department says.

 

After discounting the increase in consumer prices, the real salary index fell 0.1%.

 

Analysed by economic sector and on a year-on-year comparison in nominal terms, the average monthly salaries for middle-level managerial and professional employees increased in all major sectors, ranging from 0.1% to 5.8%.

 

After netting out the increase in consumer prices, in June, the real indices increased 1.2% in the manufacturing, electricity and gas sector, and 3.2% the financial institutions and insurance sector.

 

As for the building and construction and related trades sector, the wholesale, retail and import/export trades sector, and the transport, storage and communications sector, decreases ranging from 0.1% to 2.4% were registered.

 

In June, 57% of the middle-level managerial and professional employees covered in the survey were entitled to guaranteed year-end extra pay, 65% to profit-sharing bonuses, and 18% to housing benefits of some kind, compared with 59%, 69% and 22% in June last year.