Regular monthly wages post slowest growth in September in 2 years

Focus Taiwan
Date: 2019/11/12
By: Pan Tzu-yu and Frances Huang

Taipei, Nov. 12 (CNA) Average regular monthly wages in September grew less than 2 percent from a year earlier, the first time in seven months they did not grow more than 2 percent, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).

Regular monthly wages in September averaged NT$41,854 (US$1,376), up 1.72 percent year-on-year, the lowest monthly growth since May 2017 when regular wages grew 1.59 percent, data compiled by the DGBAS showed.

Pan Ning-hsin (潘寧馨), deputy director of the DGBAS census department, said the lower growth was largely the result of lower regular performance bonuses issued on a monthly basis by the financial and insurance sectors.

Average regular salary growth in the financial and insurance sectors was only 1.45 percent in September, DGBAS data showed.    [FULL  STORY]

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