Average salary in Israel continues to rise

Salary slip

The average monthly salary in June 2019 was NIS 11,175, 2.9% more than in June 2018.

The Central Bureau of Statistics reports that the average monthly salary in Israel in June 2019 was NIS 11,175, 2.9% more than the average monthly salary in June 2018. The biggest increase was 8% in the information and communications sector, under which the Central Bureau of Statistics lists many technology sectors.

Trend figures show a 2.2% annualized increase in salaries in April-June, following a 3.4% annualized increase in January-March (in current prices).

The average salary in fixed prices in the real estate activity sector rose by an annualized 6.9% in April-June 2019, following an annualized 3.3% increase in January-March.

In local, public and defense administration and social security, and extraterritorial organizations and bodies, the average salary in fixed prices decline by an annualized 7.3% in April-June, following a 2.1% annualized drop in January-March.

No change occurred in the number of jobs in April-June, following an annualized 0.6% rise in January-March. The lack of change in the number of jobs explains the continued upward trend in wages, and is also likely to indicate slower economic growth.

Published by Globes, Israel business news - en.globes.co.il - on September 4, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

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