15.11.2017 01:51:33

Australia Wage Prices Rise 0.5% In Q3

(RTTNews) - Australia's wage price index gained a seasonally adjusted 0.5 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Wednesday.

That was unchanged from the three months prior, although it mossed expectations for a gain of 0.7 percent.

On a yearly basis, wage prices advanced 2.0 percent - again shy of forecasts for 2.2 percent but up from 1.9 percent in the previous three months.

The private sector gained 0.5 percent on quarter and 1.9 percent on year, while the public sector gained 0.5 percent on quarter and 2.4 percent on year.