Growth in Poland’s average gross wage is expected to have accelerated in April. Average gross wage growth is likely to have expanded 3.5% y/y last month as compared with March’s 3.3% y/y, said Societe Generale in a research report. On sequential basis, average gross wage growth is likely to have decreased 1.9%, added Societe Generale. Deflation is still underpinning real wage growth and is expected to rise by 4.7% y/y, while real wage bill growth is expected to come to 7.7% y/y. This is assuming that employment rose 2.8% y/y in April.
Meanwhile, employment is likely to have continued growing steadily in the corporate sector to 2.8% y/y last month, noted Societe Generale. On sequential basis, it is expected to have grown 0.1%. Therefore, the number of employees is likely to have increased by about 6,700 from the prior month. On a year-on-year basis, it is expected to be higher by almost 158,500, according to Societe Generale.
