Solid data from labour market supported consumption in Q2

In accordance with GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 persons rose to 7.5% YoY in June from 7.0% in May, running above our forecast equal to the market consensus (7.0%)...

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Surprising decline in employment in May

According to the CSO data released today, the nominal wage growth in the enterprise sector employing more than 9 persons in May decreased to 7.0% YoY from 7.8% in April, slightly below our forecast (7.1%) equal ... More

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