LOGO
LOGO

Global Economic News

Australia Wages Climb 0.5% In Q2

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Wage growth in Australia gained a seasonally adjusted 0.5 percent on quarter in the second three months of 2017, the Australian Bureau of Statistics said on Wednesday.

That was in line with expectations and unchanged from the previous three months.

"Low wages growth continued in the June quarter 2017, with annual wages growth continuing to hover around 2 per cent. This low wages growth reflects, in part, ongoing spare capacity in the labor market," said ABS Chief Economist Bruce Hockman.

Private sector wages added 0.4 percent on quarter and public sector wages gained 0.6 percent.

The rises in indexes at the industry level ranged from flat for accommodation and food services to 0.8 percent for mining.

On a yearly basis, wages were up 1.9 - again matching forecasts and unchanged from the first quarter.

Private sector wages gained 1.8 percent on year, while public sector wages advanced 2.4 percent.

Rises in the original indexes through the year to Q2 at the industry level ranged from 1.1 percent for mining to 2.6 percent for health care and social assistance.

Western Australia saw the lowest annual wage growth of 1.4 percent and South Australia and Northern Territory the highest at 2.1 percent.

Also on Wednesday, the latest survey from Westpac Bank showed that the Australian economy picked up steam in July as its leading index moved up 0.12 percent on month.

That follows the downwardly revised 0.15 percent decline in June (originally 0.14 percent).

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update: April 13 – April 17, 2026

April 17, 2026 15:29 ET
The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.