Poland in Q2 once again with fewer firms planning wage increases in next quarter - c. bank
With wage pressure easing in the second quarter of 2025, the share of companies planning wage increases in the next quarter fell again, according to the report on Poland's central bank NBP's latest Quick Monitoring survey. However, this was not accompanied by a decrease in the percentage of companies forecasting wage increases over the year.
"With the easing of wage pressure, the share of companies planning wage increases over the quarter fell once again (to 28.4 percent from 32.8 percent in the first quarter this year), clearly below the long-term median (33.8 percent) and the lowest since the end of 2020," NBP said in the report on the survey.
"However, this was not accompanied by a decrease in the percentage of companies forecasting wage increases over the year (62.8 percent compared to 62.5 percent in the first quarter of this year, seasonally adjusted)," it added.
The decline in the propensity to raise wages over the quarter occurred in all sectors of the economy analysed, but to varying degrees.
According to the NBP survey, as in the previous quarter, the decline in the share of companies planning to raise wages was accompanied by a slight increase in the average wage increase (to 5.7 percent from 5.4 percent in the first quarter of this year, s.a.), which, however, remained below its long-term average (5.9 percent).
The scale of the projected increase rose slightly in all size classes of enterprises, but not in all sectors – in construction and transport, i.e. in the industries where the share of respondents planning to increase wages fell the most, the average increase also decreased.
"In turn, the amount of the increase planned within a year's horizon decreased slightly (to 6.1 percent from 6.3 percent, seasonally adjusted)," Poland's central bank reported.
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