Croatian Wages fall Year on Year

State Statistical Bureau | Sept 10, 2001 | reuters

[vooch]

TABLE-Croatia June net wages fall 0.5 pct y/y

ZAGREB, Sept 10 (Reuters) - The State Statistics Bureau issued the following details on Monday:

REAL NET WAGES...............JUNE........MAY........JUNE 00
Month-on-month change (pct)....-3.0......2.0.......-1.8
Year-on-year (pct).............-0.5.......0.7...... 2.5

04:57 09-10-01
Copyright 2001 Reuters Limited.

[vooch]

note the 3% drop which was 2x that of last June, sign that decline may be accelerating. Confirmation will take a few months of data.

Look to see poor employment nos., right now 23% unemployment.....$10-11 billion foreign debt will get increasingly more difficult to service........Slovenia is following the same model as Croatia and looks to also be faltering, albeit at a lagging rate.

[crazykatz]

boo hoo?