Economy And The Numbers
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Poland's July Wage Growth Below Expectations

8/17/2012 8:34 AM ET

Earnings of Polish employees increased at a slower than expected pace in July, data released by the statistical office showed Friday.

Average gross monthly wages increased 2.4 percent year-on-year in July, notably slower than the 4 percent growth economists had forecast.

Compared to June, monthly gross wages decreased 1.5 percent during the month., while economists were looking for a 0.1 percent decline. In the January-July period, gross wages and salaries advanced 4 percent from the corresponding period a year earlier.

Meanwhile, the average paid employment in the Polish private sector remained unchanged in August from both the previous month as well as the corresponding period last year, data showed.

by RTT Staff Writer

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