Salaries up 12.2% y/y in May - GUS

The average wage in the enterprise sector (employing more than 9 people) in May of this year increased by 12.2% year-on-year, while employment in enterprises increased by 0.4% year-on-year, according to the Central Statistical Office (GUS).

On a monthly basis, the average wage decreased by 3.4% and amounted to 7,181.67 PLN. Meanwhile, employment in enterprises decreased by 0.1% on a monthly basis and reached 6,517.7 thousand jobs, as stated in the report.

The market consensus was a 12.7% year-on-year increase in wages and a 0.4% year-on-year increase in employment.

Source: ISBnews