Poland’s corporate sector’s employment growth is likely to have dropped slightly in May. In year-on-year terms, employment growth is expected to have slowed to 2.7 percent, whereas in sequential terms it is expected to have stayed the same, noted Societe Generale in a research report.
The total number of employees are not likely to change considerably. However, it is expected to be almost 152,800 higher on a yearly basis. Overall, the total employee number can support the wage bills and have an effect in the private consumption data for the second quarter of 2016.
Meanwhile, average gross wages are expected to have grown 4.7 percent year-on-year in May, as compared with April’s increase of 4.6 percent, according to Societe Generale.
On a sequential basis, average gross wages are expected to have dropped 2.8 percent. Deflation continues to underpin the real wage growth, which is expected to have grown 5.8 percent y/y. The real wage bill, on the other hand is likely to have risen 8.7 percent y/y in May, added Societe Generale.
