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Australia Wage Price Index

Discussion in 'Market News' started by Sam, Nov 18, 2015.

  1. Sam

    Sam Forum Member

    Sep 1, 2015
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    Wages in Australia expanded at a record low of 2.3 percent year-on-year in the September quarter of 2015, the same pace as in the previous two quarters and in line with market expectations. Those in the private sector grew by 2.1 percent, slowing from a 2.2 percent in the preceding three months while wages in the public sector rose 2.7 percent from 2.5 percent in the previous quarter. On quarterly basis, wages rose 0.6 percent in the third quarter of 2015, unchanged from the June quarter. The private sector and the public sector wages remained steady from the June quarter (0.5 percent and 0.7 percent respectively). By industry, accommodation and food services recorded the largest quarterly rise by 1.6 percent while financial and insurance services posted the smallest increase by 0.2 percent. Wage Growth in Australia averaged 3.49 percent from 1998 until 2015, reaching an all time high of 4.30 percent in the second quarter of 2008 and a record low of 2.30 percent in the first quarter of 2015. Wage Growth in Australia is reported by the Australian Bureau of Statistic. In Australia, wage growth measures the annual change in hourly rates of pay excluding bonuses for both public and private sector. This page provides - Australia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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