Nominal Indices of Remunerations and Labor Costs Registered Annual Increases of 7.8% and 8.7% in July
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The wages of workers continued to increase during July. According to the National Institute of Statistics (INE), the Nominal Index of Remunerations (IR) registered an increase of 7.8% in twelve months, while the Labour Cost Index (ICL) grew 8.7% in the same period. By economic sector, commerce, manufacturing and construction were [...] The entry Real Remunerations grow 4.1% in twelve months and accumulate increase of 2.8% in 2026 was first publi…
Trade, manufacturing and construction noted the highest positive annual incidences in both indicators. ...
In July 2026, the Nominal Indices of Remunerations (IR) and Labour Costs (ILC) registered increases in twelve months of 7.8% and 8.7%, respectively. By economic sector, commerce, manufacturing and construction industry recorded the highest positive annual incidences in both indicators, according to what was reported this morning by the National Institute of Statistics [...] The entry Remunerations and Labour Costs upwards was first published in …
According to INE data, progress was driven by sectors such as commerce, manufacturing and construction, in a period where average remuneration per hour was set at $7,599 and the gender gap of this indicator scored -4.9%.
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