Australian wages data for July to September 2018

0.3% q/q … in line

  • expected +0.6%, prior was +0.6%

2.3 % y/y … in line (best in 3 years)

  • expected 2.3% y/y, prior was +2.1%

Wage growth, slow but its there. The RBA would like it be faster (workers too!) to sour spending and hence economic growth.

Private sector wages +2.1% y/y, public +2.5% y/y

AUD not doing a lot on the release, a few tics lower

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