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Wage growth slows to 5.2% y-o-y in July


The average gross monthly wage in the enterprise sector amounted to just under PLN 3,612 (approx. €905) in July, i.e. 5.2% higher than in the corresponding period of the previous year, the Central Statistical Office (GUS) reported. The result was slightly ahead of market expectations, which averaged 4.8% y-o-y.

In the first seven months of 2011 the average wage went up by 5.1% y-o-y. We forecast that in the year as a whole the average gross monthly wage in the enterprise sector will rise by about 5-6% in nominal terms.

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