Australian Wage Price Index rose 0.6%

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Wednesday, Nov 18 2015

The seasonally adjusted Wage Price Index (WPI) rose 0.6% in the September quarter 2015 and 2.3% over the last year, according to figures released today by the Australian Bureau of Statistics (ABS). This was in line with market expectations. In the September quarter, the largest rise (original series) of all industries is 1.6% in Accommodation and food services. Finance and insurance services had the smallest rise of 0.2%.

In the September quarter 2015, Private sector wages grew 0.5% and Public sector wages grew 0.7% (seasonally adjusted). Private sector seasonally adjusted wage growth of 2.1% over the last year is the lowest rate of wages growth since the start of the WPI series.In the Public sector, wages grew 2.7% over the last year.

Aussie is currently being traded around 0.71 area. Pair is likely to find support around 0.7070 handle and resistance above 0.710 level. Later today, in the US session, Building Permits and Housing Starts figures are scheduled for a release as well as FOMC Meeting Minutes.

More in this category: « U.S. CPI rose in line with market expectations Sterling slightly higher in an uneventful morning trade »

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