The following are significant news stories, press reports and events on Monday. ALL TIMES GMT (Poland: GMT + 2 hours):
DATA
Poland’s statistics office (GUS) will publish data on wages for September at 1000. Analysts polled by Reuters estimate that wages increased by 7.5% year-on-year, compared to a 7.1% increase in August.
GUS will also release information on September industrial production, which, according to analysts’ forecasts, increased by 5.0% year-on-year, compared to 0.7% a month earlier.
STATE BUDGET
The Polish government explains that the record budget deficit and debt are related to the need to increase defence spending. Economists, however, believe that high social transfers, which have been growing faster than the economy for a decade, are to blame, Rzeczpospolita daily reported.
****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****
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