Average monthly salaries for mid-level managerial and professional workers in all major sectors fell 1.5% in June over a year earlier.

After discounting the fall in consumer prices as measured by the Consumer Price Index (C), the Real Salary Index (A) increased 2.3%, the Census & Statistics Department says.

Average monthly salaries fell in almost all major economic sectors in June, by 1.6% to 2.8%. But for the finance and insurance sector, a small increase of 0.5% was recorded.

In real terms, average monthly salaries went up in all major economic sectors.

In June, 58% of employees were entitled to guaranteed year-end extra pay, 63% to profit-sharing bonuses, and 20% to housing benefits, as compared to 65%, 63% and 22% in June 2002.