Poland’s employment and wage growth likely accelerated slightly in February

Poland’s average gross wage growth is likely to have grown 4.2% y/y in February, as compared with January’s growth of 4% y/y and 1.2% m/m. Deflation is still supporting the real wage growth and is likely to grow 4.9% y/y, with real wage bill growth reached 7.5% y/y. This will be the highest wage bill growth since March 2015. In 2016, wage growth is expected to reach 4.3%.

Meanwhile, the country’s growth in employment in corporate sector is expected to have reached 2.5% y/y in February, continuing with the strong growth witnessed in January. On month-on-month terms, employment is likely to have grown 0.2%. The number of employees is expected to have grown by about 11,000 from January and is likely to grow by almost 141,800 on a yearly basis. This will be the largest increase since September 2011.