Average earnings per payroll employee within the industrial and service sectors recorded annual growth of 1.37 percent from January to August, but a rise in the consumer price index (CPI) meant a drop in real spending power, according to the latest official statistics.
Average monthly earnings per employee was NT$39,146 (US$1,234) from January to August, representing an annual increase of 1.37 percent, the highest ever in this period, said the Directorate General of Budget, Accounting & Statistics (DGBAS) on Monday.
However, an increase of 1.38 percent in the CPI over the first eight months of the year represents a drop in real earnings of 0.01 percent. Consequently, real payroll earnings registered a drop of 1.2 percent in the eight-month period, the DGBAS noted.
According to DGBAS statistics released on Monday, average monthly earnings per employee in the industrial and service sectors was NT$39,318 in August, an increase of 0.29 percent from the previous month and 1.4 percent year-on-year.
Average monthly earnings (including regular and irregular earnings) was NT$45,713 in August, down 2.57 percent from the previous month, but up 1.85 percent year-on-year.
Average monthly earnings from January to August reached NT$50,712, up 0.16 percent from the same period last year, the statistics show.
Source: Focus Taiwan News Channel