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Australian Wage Price Index rose less than expected

Wednesday, Nov 15 2017
Australian Wage Price Index rose less than expected

The trend and seasonally adjusted indexes for Australia both rose 0.5% in the September quarter 2017. This continued the moderate rate of wage growth recorded by the series over the last two years. The Private and Public sector rose 0.5%, seasonally adjusted. The rises in indexes at industry level (in original terms) ranged from 0.2% for Mining to 1.8% for Accommodation and food services.

The trend and seasonally adjusted indexes for Australia both rose 2.0% through the year to the September quarter 2017. This was marginally higher through the year growth than has been recorded for both series during 2017. Rises in the original indexes through the year to the September quarter 2017 at the industry level ranged from 1.2% for Mining to 2.7% for Health care and social assistance, and Arts and recreation services.

More in this category: « U.S. PPI increased by 0.4% UK Unemployment Rate unchanged at 4.3% »

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