Poland's average gross wages likely to rise in November

Poland's average gross wages are expected to modestly drop by the market consensus to 1.2 from its previous recording of 1.3% mom, while the average gross wages are likely to rise to 3.9% on yoy basis.

Deflation still supports the real wages growth in Poland, which is likely to rise to 4.5% yoy.

"We estimate an increase in average gross wages growth to 4.1% yoy in November from 3.3% yoy in October and an increase of 1.4% mom due to the shift in the payment of quarterly bonuses and premiums as well as a low statistical base from year ago", says Societe Generale in a research note.