Thursday , August 13 2020
Home / SNB & CHF / Swiss salaries rise faster than inflation for the first time in 2 years

Swiss salaries rise faster than inflation for the first time in 2 years

Summary:
© Vsg Art Stock Photography And Paintings | Dreamstime.com In 2019, Swiss salaries were on average of 0.9% higher than the year before. A nominal rise of +0.9% combined with low inflation of 0.4% delivered a real boost of 0.5% to someone earning an average salary in Switzerland. This is the first time in two ...

Topics:
Investec considers the following as important: , , ,

This could be interesting, too:

Swissinfo writes Doubts over EU regulations deal raise prospect of higher City costs

Marc Chandler writes FX Daily, July 13: Risk Appetites Firm, but the Greenback is Mixed

Swissinfo writes Credit Suisse settles U.S. shareholder lawsuit 

Investec writes Coronavirus: no significant slowdown in new cases in Switzerland

Swiss salaries rise faster than inflation for the first time in 2 years

© Vsg Art Stock Photography And Paintings | Dreamstime.com

In 2019, Swiss salaries were on average of 0.9% higher than the year before. A nominal rise of +0.9% combined with low inflation of 0.4% delivered a real boost of 0.5% to someone earning an average salary in Switzerland.

This is the first time in two years that the average Swiss salary has grown faster than inflation. In 2017 and 2018 the real average salary fell -0.1% and -0.4% in real terms.

Overall, in nominal terms, average salaries rose more for women (+1.0%) than men (+0.9%).

Not everyone saw salaries rise in 2019. Salary movements ranged from -1.1% to +1.3% depending on the sector. Hi-tech manufacturing (+1.7%), scientific research (+1.7%) and financial services (+1.6%) workers received the largest nominal pay boosts. At the other end were lower-tech manufacturing (-0.9%), mechanics (-1.0) and people employed in catering and accommodation (-1.1%).

The average gross median salary in Switzerland was CHF 78,456 (US$ 82,970) in 2018.


Tags: ,
About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *