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Hungary September Wages Rise at Slowest in Five Months

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Nov. 20 (Bloomberg) -- Hungary’s September average gross wage growth unexpectedly slowed to the weakest pace since April, data from the Budapest-based statistics office showed.

Average gross wages rose 3.7 percent from a year earlier to 213,523 forint ($969) after increasing 3.8 percent in August and jumping 7 percent in July, the data showed today. That compares with a 4.4 percent median estimate of eight economists in a Bloomberg survey.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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