Households’ purchasing power growing rapidly in Estonia

  • 2015-03-04
  • By TBT staff
TALLINN - In the fourth quarter of 2014, average monthly gross wages were 1,039 euros (+5.3%, year on year). In 2014 as a whole, average gross wages increased to 1,001 euros (+5.5%). The deceleration in the growth of wages was anticipated as enterprises’ economic results were modest last year. During the first nine months of 2014, the latest datas establish a decrease by 1% for enterprises’ sales and total cost. Total profits remained at around the level of the previous year, but labour costs increased by 8%. This trend is unsustainable in the long run. &#...
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