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Australia Wages Growth Remains Moribund in 2Q

Wednesday, 14 August 2019 08:49 WIB Australia Upah Minimum, AUD, Upah Australia

Australian wages growth was better than expected in the second quarter as a result of a strong lift in pay for public servants, although the Reserve Bank of Australia remains likely to lower interest rates again before the year-end. Wages rose a seasonally adjusted 0.6% compared to the first quarter and rose by 2.3% from a year earlier, the Australian Bureau of Statistics said Wednesday. Drivers included health care and social services. Private sector wages rose by 0.5% in the quarter, and rose by 2.3% from a year earlier, while public-sector wages rose by 0.8% in the quarter and increased by 2.6% from a year earlier. Wages growth over the past year was strongest in Victoria state,...

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