The total gross monthly earnings per employee (per job) increased by 6.7%, to €1,539, in the quarter ended in June 2023 (2nd quarter of the year), compared to the same period of 2022. The regular and the base components of those earnings increased by 6.8% and 7.2%, reaching €1,215 and €1,144, respectively. In real terms, considering the Consumer Price Index change, the total and regular gross monthly earnings increased by 2.4%, while the base monthly earnings increased by 2.7%. This is the second consecutive time with real earnings increases since November 2021. These results cover 4.6 million jobs, corresponding to Social Security beneficiaries and to Caixa Geral de Aposentações subscribers, an increase of 4.1% from the same period of 2022.

Compared to June 2022, the largest increases in total gross monthly earnings were observed in the “Administrative and support service activities” (section N; 9.2%), in enterprises of 1 to 4 employees (7.7%), in the private sector (7.5%), and in enterprises in “Knowledge-intensive market services” (9.3%). There was a decrease in total gross monthly earnings in the activities of “Electricity, gas, steam, cold and hot water and cold air” (section D; 0,2%) and the lowest positive year-on-year changes were observed in enterprises of 100 to 249 employees (5.3%), in the public sector (6.4%) and in the “Financial and insurance activities” (3.6%).