Taiwan's Monthly Pay Dips 3rd Time in First 7 Months of 2006.

(From Taiwan Economic News)

Taipei, Sept. 29, 2006 (CENS)--Taiwan's average real regular monthly pay for employees witnessed a negative annual growth of 0.15% to NT$34,624 (US$1,049.2 at US$1 = NT$33) in the first seven months of this year, according to the statistics released by the Cabinet-level Directorate General of Budget, Accounting & Statistics (DGBAS)

This was the third consecutive yearly drop of real monthly pay for domestic employees, indicating falling expenditure by consumers. Nevertheless, the percentage was much better than last year's corresponding figure of negative 0.96%, and in the same period, the substantial regular monthly pay increased …