European Economic News

Polish Wages Rise Less Than Expected In May

Wages and salaries of Polish employees increased in May less than expected by economists, latest data showed Tuesday.

Monthly wages increased 2.3 percent year-on-yer in May, the Central Statistical Office said. The growth rate was lower than 2.7 percent economists had forecast.

Month-on-month, average monthly wages decreased 3.4 percent in May, faster than the 3 percent fall expected by economists.

The statistical office said that the number of persons employed in the Polish private sector decreased 0.9 percent on an annual basis in May. Compared to April 2013, employment remained unchanged.

by RTTNews Staff Writer

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