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Santander Bank Polska: labor market, construction performed somewhat well

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Santander Bank Polska: labor market, construction performed somewhat well
Source: Pexels

November economic data surprised positively in Poland, with smaller-than-expected employment declines and higher wage growth, according to Santander Bank Polska analysts. Average gross wages in the enterprise sector rose by 10.5% y/y to PLN 8,478.26, while employment dropped by 0.5% annually, breaking a four-month decline streak.

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