Industrial wages will grow by 2% in real terms in 2006, to a monthly average of NIS 10,360, 36% more than the national average gross salary, the Manufacturers Association of Israel reported today. Industrial wages will increase despite the second Lebanon war, which affected employment at many enterprises in northern Israel.
The average industrial wage rose 1.5% in the second quarter to NIS 10,256 thanks to the NIS 250 increase in the minimum wage, 8.5% annualized growth in output during the quarter, an annualized increase of 7% in the high-tech workforce, and 4.7% growth in productivity.
The average salary in mixed-low technology industry rose by 1.9%, the average salary in high-tech rose by 1%, and the average salary in low technology industry fell by 0.7%. The highest average monthly salary was in the electronics communications equipment sector, at NIS 19,483, and the lowest average monthly salary was in leather and footwear sector, at NIS 5,592.
Published by Globes [online], Israel business news - www.globes.co.il - on September 26, 2006
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