Salaries grow more than expected in March
The average monthly salary in the Polish corporate sector amounted to PLN 4,017.75 in March. It grew by 4.8 percent year-on-year and by 4.2 percent month-on-month, statistics office GUS said on Wednesday.
Economists surveyed by the Polish Press Agency had expected salaries to grow by 4.1 percent y/y and by 3.5 percent m/m.
A total of 5,515,400 people were employed in Polish enterprises in March, GUS also said. Employment grew by 0.5 percent y/y and by 0.1 percent m/m.
Analysts had expected employment to grow by 0.4 percent y/y and by 0.1 percent m/m.
“Further visible improvement in the labor market reflects positive sentiment among Polish companies and is probably the effect of ongoing investment rebound,” BZ WBK economists wrote in an e-mailed comment.
