Global Economic News

Australia Wage Cost Index Adds 0.4% In Q3

Australia's wage price index was up a seasonally adjusted 0.4 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday.

That missed forecasts for an increase of 0.5 percent, which would have been unchanged from the three months prior.

On a yearly basis, wages were up 1.9 percent - also missing forecasts for 2.0 percent and down from 2.1 percent in Q2.

by RTTNews Staff Writer

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