Average pay in December increases 7.1% m/m

The average salary in companies employing at least 10 people stood at PLN 4,635.77 before tax in December 2016, over PLN 300 (7.1 percent) more than in November of last year, according to statistics office GUS. The average pay increased by 2.7 percent year-on-year. Market consensus put the figure even higher. According to 14 economists surveyed by ISBnews, they expected the annual increase to fall between 2.9 percent and 4.3 percent, with the average expected increase of 3.69 percent.