By Euro Weekly News Media • 21 March 2016 • 11:45
WORKERS in Spain are slowly feeling the benefits of the economic recovery according to new data released by the Spanish Government´s central statistic unit.
After years of recession, unemployment, reports of doom and gloom and a general acceptance of Spain´s meagre wages this news is a small step, but a step none the less, in the right direction.
It comes amid on-going concerns over the lack of a stable Government in Spain and how this might have a negative consequence on the economy.
The data which looks at macro-economic indicators shows that there was an increase of 1.7 per centin the average gross salary. This data coincides with a time of negative inflation in Spain which equates to a fall of 0.8 per cent of the consumer price index. It shows the average salary across Spain as being €2,026.14 per month.
Another outcome of the data is that it serves to prove the vast disparities on salary depending on region.
The best figures are found in Madrid with €2,423, the Basque Country €2,387 and Catalunya €2,137, while at the other end of the scale are Extremadura €1,687, the Canaries €1,708 and the Comunidad Valenciana €1,762.
Throughout the year, the most noteworthy rises were those of 4.6 per cent in the Canaries, 4.4 per cent in Castilla y León and 2.7 per cent in both Catalunya and Asturias. The only year-on-year decrease was reported in Castilla-La Mancha, Navarra and the Basque Country.
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