Australia Wage Price index for Q2: +0.6% q/q (expected +0.5%)
A beat for the Australian wages data+0.6% q/q
- expected +0.5% q/q, prior +0.5%
- +2.3% expected , prior +2.3%
Encouraging news for the RBA. Spare capacity in the economy has been holding wage growth back.
Big jump in public sector wage growth in quarter a bit of a caveat.