Sweden’s pay gap widens

Pay differentials between Swedish senior executives and blue-collar workers have widened further, according to the paper Dagens Arbete.

Sweden’s best-paid directors in industry received an average annual salary of 6.9 million kronor in 2003 – an increase of 14 per cent in just two years. Blue-collar workers received an average 7 per cent increase in wages during the same period.

Retail sales up

Retail sales rose by 6.9 per cent in January year-on-year. Sales on consumer durables rose by 9.9 per cent while sales of non-durables rose by 3.1 per cent.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri

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