Australia Wage Price index for Q2: +0.6% q/q (expected +0.5%)

Author: Eamonn Sheridan | Category: News

A beat for the Australian wages data 

+0.6% q/q 
  • expected +0.5% q/q, prior +0.5%
+2.3% y/y 
  • +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. 

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