Hong Kong wage index rises 3.4% in June, with government expecting further gains

Average wages including allowances in Hong Kong rose by 3.4 per cent year on year in June, with the government forecasting further pay rises ahead on the back of sustained economic expansion and labour demand. Figures released on Monday by the Census and Statistics Department showed that the 3.4 per cent nominal wage rate rise was broad based across all surveyed industries. After adjusting for inflation using the consumer price index (A), the overall real wage rate grew by 1.6 per cent in June...