Salaries up by 3.8% y/y in April
The average salary in the Polish corporate sector amounted to PLN 3,976.8 in April, the Central Statistical Office (GUS) said on Monday. In year-on-year terms it grew by 3.8 percent and at the same time it declined by 1.0 percent month-on-month.
Economists surveyed by the Polish Press Agency had expected salaries to grow by 3.8 percent y/y and decline by 0.9 percent m/m.
GUS also said that employment in the corporate sector grew by 0.7 percent y/y and amounted to 5,514,500 in April. It remained unchanged compared to March.
Analysts surveyed by PAP saw employment growing by 0.8 percent y/y and by 0.1 percent m/m.
The data show that the situation on the labor market continues to improve, BZ WBK economists wrote in an e-mailed comment. The expect the trend to continue in the coming months.
