The average national gross salary was NIS 8,034 in August 2008, 0.1%, or NIS 57, less than in July, the Central Bureau of Statistics reported today.
As usual, Israel Electric Corporation (IEC) (TASE: ELEC.B22) and Mekorot National Water Company topped the wage tables, with an average salary of NIS 18,408 in August.
The financial sector was, also as usual, in second place, with an average salary of NIS 14,321, but this figure excludes bonuses of the preceding months. The effect of the global financial crisis on salaries in the sector will only be known officially in a few months, in view of the salary cuts at investment houses.
At the bottom of the salary tables, as always, were accommodation and catering sector employees, with an average salary of NIS 3,780.
There were 2.78 million Israeli wage-earners in August, after an increase of 0.8% in July-August, a figure that may already no longer be relevant in view of the economic crisis.
Published by Globes [online], Israel business news - www.globes-online.com - on November 6, 2008
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