The Census and Statistics Department of the Hong Kong Government announced on the 25th of this month that the average wage rate in June rose by 4.6% year-on-year. Approximately 76% of the companies surveyed recorded an increase in average wage rates, 22% recorded a decrease, and the remainder remained similar to the same period last year.
After discounting the changes in consumer prices calculated using the Consumer Price Index (A), the real average wage rate in June rose by 0.1% year-on-year. Regarding payroll statistics, the nominal average payroll index for employed persons in the second quarter of this year rose by 4.6% year-on-year. After discounting the changes in consumer prices, the real average payroll index rose by 1.6% year-on-year.
The nominal wage index for June recorded year-on-year increases ranging from 3% to 7.4%. As for the real wage index, the transportation sector, accommodation and food service activities, professional and business services, and personal services recorded year-on-year increases ranging from 0.2% to 2.9%. The manufacturing, import and export trade, wholesale and retail, financial and insurance activities, and real estate leasing and maintenance management sectors recorded year-on-year decreases ranging from 0.5% to 1.4%.
Regarding the nominal average payroll index for employed persons, all selected industry sections recorded year-on-year increases ranging from 2.6% to 5.9% in the second quarter.
As for the real average payroll index, except for the sewage, waste management, and remediation activities sector, which recorded a year-on-year decrease of 0.4%, all other selected industry sections recorded year-on-year increases ranging from 0.7% to 2.8%.