Polish nominal wages likely decelerated in March

The average Polish gross wage growth is likely decelerated to 2.9% yoy in March from 3.2% in February but increased by 3.8% mom, according to Societe Generale. 

Real wage growth is still being supported by deflation, and wages likely increased by around 4.2% yoy in real terms. 

The employment likley grew by 1.1% yoy in March, real wage bill growth should amount to 5.4% yoy.