Australia – Q2 Wage Cost index: +0.6% q/q (vs. +0.7% expected)

Q2 Wage Cost index:

For the q/q,+0.6%

• expected +0.7, prior was +0.7%

For the y/y,+2.6%

• expected +2.6%, prior was +2.6%

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• Wage growth currently trailing behind the inflation rate for the third consecutive quarter

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More at the Australian Bureau of Statistics: Wage Price Index, Australia, Jun 2014