Poland avg gross wages, industrial production up in Dec

Manufacturing

Photo by kolbet / Shutterstock.com

Poland's average gross wages and salaries rose 11.2% year-on-year in December, and amounted to PLN 6,644.39 (EUR 1,466) data from the Central Statistical Office (GUS) showed on Friday.

On a monthly basis, average gross wages increased 10.3% in December. The Warsaw-based agency also said that corporate employment grew 0.5% annually to 6.362 million people in December. On a month-on-month basis, average paid employment remained unchanged in December.

Considering 2021 full year, employment rose by 0.3%. A separate report from GUS showed that Poland's industrial production grew 16.7% annually in December. Economists had expected a growth of 13%. Manufacturing output rose 13.9% yearly in December and while mining and quarrying output declined 0.9%.

Electricity, gas, steam, and air conditioning supply output and water supply gained by 54.2% and 9.6%, respectively. On a monthly basis, industrial output fell 2.9% in December. For the January to December period, output rose 14.9%.

ADVERTISEMENT

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023 Analysis

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.