RTTNews - Tuesday, Germany's Federal Statistical Office said that the real earnings dropped 0.4% year-over-year in the first quarter. The decline in real earnings was mainly due to the small increase in earnings, which was 0.4%.
The index of real earnings, which has been calculated for the first time, compares the development of earnings with the price trend, the Destatis said.
The extra payments decreased 7.9% in the first quarter, while the basic remuneration, or gross monthly earnings excluding extra payments rose 1.5%.
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