The index of the basic monthly salary (SMB) in the private sector increased by 1% in the second quarter compared to the first, an increase of 4.6% over one year, higher than that of prices (4.4%) , according to preliminary data released Friday by the Department of Labor.
The SMB, measured in private companies (excluding agriculture) with 10 or more employees, represents the gross salary, ie before the deduction of social security contributions and the payment of social benefits. It does not take into account bonuses or overtime.
The index of the basic hourly wage of workers and employees (SHBOE) increased by 1.1% compared to the first quarter of 2022 and by 5.2% over one year. “These developments must be set against inflation,” said in its press release the statistics department of the Ministry of Labor (Dares).
Consumer prices (excluding tobacco and for all households) increased by 4.4% between the end of June 2022 and the end of June 2023. “Over one year and in constant euros, the SHBOE therefore increased by 0.7% and the SMB by 0.2%”, underlines the Dares.
By sector of activity, the SMB progressed, during the second quarter, by 1.1% in industry, by 1.0% in the tertiary sector and by 0.9% in construction. Over one year, the increase is 4.7% for industry, 4.6% for the tertiary sector and 4.1% for construction.
By socio-professional category, the SMB increased during the 2nd quarter by 1.3% for white-collar workers and 0.9% for blue-collar workers, intermediate professions and executives. Over one year, it rose by 5.2% for workers, 4.9% for employees, 4.3% for intermediate professions and 3.7% for executives.
