Australian Wage Price Index prints at expectations, ticks to 0.6%
Wednesday, 15 August 2018 08:49 WIB | ECONOMY |Ekonomi AustraliaUpah Minimum,

Australian wages rose at a seasonally-adjusted rate of 0.6%, though some quarters of Australia noted still-sluggish growth in wages through the year.

Key quotes (via BS)

The seasonally adjusted Wage Price Index (WPI) rose 0.6 per cent in June quarter 2018 and 2.1 per cent through the year, according to figures released today by the Australian Bureau of Statistics (ABS).

Seasonally adjusted, private sector wages rose 2.0 per cent and public sector wages grew 2.4 per cent through the year to June quarter 2018.

ABS Chief Economist Bruce Hockman said "Wage growth in Australia has grown at an annual rate of 2.1 per cent, continuing to stabilise between 2.0 and 2.1 per cent over the past four quarters. Annual growth across industries is varied with diverse wage pressure across the labour market."

In original terms, through the year wage growth to the June quarter 2018 ranged from 1.3 per cent for the Mining industry to 2.7 per cent for the Health care and social assistance industry.

Western Australia and the Northern Territory both recorded the lowest through the year wage growth of 1.5 per cent while Victoria and Tasmania recorded the highest of 2.5 per cent.

Source: FXstreet

RELATED NEWS

US: Retail sales rose 0.4% in August vs. 0.2% expected
Friday, 13 September 2019 19:46 WIB

The data published by the US Census Bureau today revealed that retail and food services sail in August rose 0.4% on a monthly basis to $526.1 billion and beat the market expectation for an increase of 0.2%. On a yearly basis, retail sales grew by 4.1%. Total sales for the June 2019 through August 2...

U.S. Core Inflation Picks Up More Than Forecast to One-Year High
Thursday, 12 September 2019 19:47 WIB

A measure of underlying U.S. inflation accelerated by more than forecast to a one-year high in August, signaling inflation was already firming ahead of fresh tariffs on Chinese goods this month that may push prices higher for Americans. The core consumer price index, which excludes food a...

U.K. Recession Threat Recedes as Economy Posts Solid July Growth
Monday, 9 September 2019 15:57 WIB

The U.K. economy grew at its fastest pace in six months in July, an unexpectedly strong performance that will allay fears Britain was facing a possible pre-Brexit recession. Gross domestic product rose 0.3% from June, the Office for National Statistics said Monday. Economists had pre...

U.S. Payrolls Rise 130,000, Boosted by 25,000 for Census Count
Friday, 6 September 2019 19:59 WIB

U.S. companies' hiring stumbled in August, likely cementing expectations for a second straight Federal Reserve interest-rate cut as trade uncertainty and softer global growth weigh on the outlook. Private payrolls rose 96,000, a three-month low, after a downwardly revised 131,000 advance ...

US: ADP Employment Change Jumps to 195K in August vs. 149K Expected
Thursday, 5 September 2019 19:33 WIB

The data published by the Automatic Data Processing (ADP) showed that employment in the private sector in August increased by 195,000 following July's 142,000 (revised from 156,000) reading and surpassed the market expectation of 149,000. With the initial market reaction, the US Dollar Index pulled...

POPULAR NEWS
Friday, 13 September 2019 03:32
Hong Kong Shares Close Lower
Saturday, 14 September 2019 03:26
Hong Kong Shares End Week With Sharp Gains
Friday, 13 September 2019 03:16
Wall St Ends Higher On Trade, ECB Stimulus Hopes
ANOTHER NEWS
Hong Kong Shares End Week With Sharp Gains
Saturday, 14 September 2019 03:26 WIB Hong Kong stocks finished Friday with a flourish as investors were cheered by easing tensions in the China-US trade row while also betting on another interest rate cut by the Federal Reserve next week. The Hang Seng Index jumped 0.98 percent, or...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.