Australia data - Q2 Wage Price Index +0.2% q/q (expected 0.3%)

Australian wages in the April to June quarter 2020

0.2 % q/q

• expected 0.3% q/q, prior 0.5%
• public sector wages +0.6% q/q, private sector +.0.1%

1.8 % y/y

• expected 1.9% y/y, prior 2.1%

Wage growth was slow leading onto the crisis, remains so. And likely will remain so with a shattered economy and long unemployment lines. The renewed lockdown in Melbourne is extending the economic pain.