Slow wage growth has been a frequent point made the bt the RBA, a weight on spending and the economy etc (you know the drill by now!)

0.6 % q/q in line

  • expected +0.6% q/q, prior +0.5%
  • q/q best since Q1 of 2014

2.1 % y/y … in line also

  • expected +2.1% y/y, prior +2.1%
  • with inflation running around 2.1% real wage growth is nothin'


more to come

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For background on this: