The Pace of Wage Growth in Australia
Wage Price Index QoQ Australia
LEt\\\'s See If Wages Declined in Q1 in Australia
Starts Wednesday, May 13, 2020 at 01:30
Updated Wednesday, May 13, 2020
Wages have been pretty steady in Australia. The pace of growth has been at around 0.5%-0.6% per quarter for more than two years. In Q2 and Q3 of last year, wages grew by 0.6% and in Q4 they were expected to grow by the same pace. But, they missed expectations growing by 0.5% which is still within the range. AUD/USD is the most affected pair from this data release. But, since rate hikes are widely anticipated to remain unchanged, the price action is expected to be minimal. AUD/USD is the most affected pair from this data release. So, wages were keeping a steady pace during last year, but they might turn negative in Q1, due to coronavirus. But, let's see. Please follow us for live coverage of this event by experienced market analysts.
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About Wage Price Index QoQ Australia
Change in the price businesses and the government pay for labor, excluding bonuses. Released quarterly, about 45 days after the quarter ends by the Australian Bureau of Statistics. It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.