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Aussie Wages Disappoint Ahead of Key Jobs Data Tomorrow

Wednesday, 20 February 2019 10:44 WIB ECONOMIC Ekonomi Australia

Australia Wage Price Index for Q4 2018 arrived at 0.5% q/q vs the expected 0.6%, which is yet another data input that will weigh on the Aussie. As noted from yesterday's meeting minutes, the RBA Board said that, “Tightening labour market conditions were expected to put upward pressure on wages, although to date wages growth in Australia and elsewhere had been slower to pick up than in previous expansions.” Analysts at Westpac noted that the annual growth in the wage price index fell from above 4% pre-GFC and above 3.5% in 2011-2012 to just 1.9% in 2016-2017, the slowest wages growth by any measure since at least the early 1960s. It edged back to 2.3%yr in Q3 2018, with Westpac...

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Global Economy

Europe

Britons are enjoying the strongest wage growth since the financial crisis a decade ago as the labor market tightens. Average earnings excluding bonuses continued to increase an annual 3.3 percent

    United States

    Asian markets closed for holiday
    Monday, 31 December 2018 09:15 WIB
    Financial markets in Indonesia, Japan, the Philippines and South Korea are closed on Monday for a public holiday.

      Asia

      Japanese wages rose more than expected in November, offering hope of stronger consumer spending that could fuel inflation if gains are sustained. Overall labor cash earnings increased 2 percent

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