Market news
16.08.2017, 06:18

Australian wage price index rose 0.5% q/q

The trend and seasonally adjusted indexes for Australia both rose 0.5% in the June quarter 2017. This continues the subdued rate of wage growth recorded by the series over the last two years.

The Private sector rose 0.4% and the Public sector rose 0.6%, seasonally adjusted.

The rises in indexes at the industry level (in original terms) ranged from 0.0% for Accommodation and food services to 0.8% for Mining.

Annual change (jun qtr 2016 to jun qtr 2017)

The trend and seasonally adjusted indexes for Australia both rose 1.9% through the year to the June quarter 2017. This historically low level of growth for both series has been recorded for the last four quarters.

Rises in the original indexes through the year to the June quarter 2017 at the industry level ranged from 1.1% for Mining to 2.6% for Health care and social assistance.

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