Australia’s wage price growth slowed in the September quarter, figures from the Australian Bureau of Statistics showed on Wednesday.
The wages price index climbed a seasonally adjusted 0.5 percent in the third quarter, after a 0.6 percent rise in the second quarter. That was in line with economists’ expectation.
On a yearly basis, wages also increased 2.2 percent in the third quarter, after a 2.3 percent rise in the previous quarter. Economists had expected a 2.3 percent increase.
Wages in the public sector grew 2.5 percent over the year and those in private sector rose by 2.2 percent.
“The largest contribution to wage growth over the quarter was jobs in the health care and social assistance industry,” the ABS Chief Economist Bruce Hockman said.
The material has been provided by InstaForex Company – www.instaforex.com
Latest posts by Insta Forex (see all)
- *U.S. Crude Oil Inventories Edge Up 0.8 Million Barrels In Week Ended 12/6 - December 11, 2019
- ECB Set To Maintain Status Quo In Lagarde's First Policy Meeting - December 11, 2019
- Dollar Mixed After U.S. Consumer Inflation Data; Fed Decision Eyed - December 11, 2019