Demand for work weakens - NBP

Quarterly employment forecasts have worsened across all analyzed groups of companies, according to surveys conducted by the National Bank of Poland (NBP) in March.

However, a slight increase in the annual employment forecast indicator, which rose from 20.9% to 21.3%, suggests that companies do not anticipate a further deterioration in the situation.

The NBP report also noted a decline in the percentage of companies forecasting wage increases in the next quarter, from 48% to 44%, with a corresponding decrease in the average planned wage hike from 8.2% to 7.9%, while the median fell from 9% to 7%.

Source: ISBnews