BIEC prosperity index inches down in July

The prosperity index calculated by the Bureau for Investments and Economic Cycles (BIEC) inched down by 0.2 points month-on-month in July, the Polish Press Agency reports. The decline was mostly due to a lower rate of salary growth than in the previous months, BIEC analysts said. June salary growth was the lowest since January this year, they explained. Inflation growth was not significant for the average Pole and the situation on the labor market is improving only moderately, the analysts added.