Purchasing power in the private sector dropped 11.5%

Purchasing power in the private sector dropped 11.5%

Purchasing power for workers in the private sector has dropped 11.5% since the coalition government took over in 2011. The bitter truth, revealed in a survey by the Ministry of the Economy, translates into a net loss of €103.4. As economist Eugénio Rosa has explained, average earnings in the private sector in 2011 levelled out at €1,143. Three years on they are at €841.