FOREX TradingCharts.com

Financial News: Australia Wage Growth Steady At 0.5%

Australia Wage Growth Steady At 0.5%

05/13/2020 - 01:57:00 (RTTNews)

(RTTNews) - Australia's wages grew at a steady pace in the March quarter, figures from the Australian Bureau of Statistics showed on Wednesday.

The wages price index rose a seasonally adjusted 0.5 percent in the first quarter, the same rate of increase as seen in the fourth quarter. The rate matched economists' expectations.

On a yearly basis, wages increased 2.1 percent in the first quarter, after a 2.2 percent rise in the previous quarter. The annual rate also came in line with economists' expectations.

Wages in the public sector grew 2.1 percent over the year and those in private sector rose by 2.4 percent.

"Quarterly wage growth remained steady at 0.5% over the past four quarters and on the back of a year of relatively stable but slow economic growth," ABS Chief Economist, Bruce Hockman said.

"Today's data relates to the period shortly before restrictions were put in place to contain the spread of the coronavirus (COVID-19), capturing wage information for the mid-month (February) of the March quarter," Hockman said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hong Kong Retail Sales Continue To Fall In April (30 min(s), 22 sec(s) ago)
(RTTNews) - Hong Kong's retail sales fell for the fifteenth straight month in April, figures f ...Full Story»

Czech Manufacturing Sector Contracts Further In May (40 min(s), 22 sec(s) ago)
(RTTNews) - The Czech Republic's manufacturing sector contracted at the second sharpest pace s ...Full Story»

Spain's Manufacturing Activity Contracts Sharply In May (59 min(s), 22 sec(s) ago)
(RTTNews) - Spain's manufacturing sector remained in deep inside contraction zone in May amid ...Full Story»

Poland Manufacturing Sector Continues To Shrink In May (01 hr(s), 35 min(s), 22 sec(s) ago)
(RTTNews) - Poland's manufacturing sector contracted at the second sharpest pace since January ...Full Story»

Turkey Manufacturing Sector Contraction Slows In May (01 hr(s), 35 min(s), 22 sec(s) ago)
(RTTNews) - Turkey's manufacturing sector contracted in May amid coronavirus pandemic, but the ...Full Story»

Sweden Manufacturing Sector Contraction Slows In May (02 hr(s), 04 min(s), 22 sec(s) ago)
(RTTNews) - Sweden's manufacturing sector shrank at a softer pace in May, as restrictions to c ...Full Story»

Russia Manufacturing Sector Continues To Shrink In May (02 hr(s), 07 min(s), 22 sec(s) ago)
(RTTNews) - Russia's manufacturing sector contracted further in May, due to the coronavirus, o ...Full Story»

UK Manufacturing Sector Logs Sharp Downturn (02 hr(s), 29 min(s), 22 sec(s) ago)
(RTTNews) - The UK manufacturing sector logged another contraction in May as the public lockdowns, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hong Kong Retail Sales Continue To Fall In April

06/01/2020 - 08:02 AM (RTTNews)
(RTTNews) - Hong Kong's retail sales fell for the fifteenth straight month in April, figures f ...Full Story>>

Czech Manufacturing Sector Contracts Further In May

06/01/2020 - 07:52 AM (RTTNews)
(RTTNews) - The Czech Republic's manufacturing sector contracted at the second sharpest pace s ...Full Story>>

Spain's Manufacturing Activity Contracts Sharply In May

06/01/2020 - 07:33 AM (RTTNews)
(RTTNews) - Spain's manufacturing sector remained in deep inside contraction zone in May amid ...Full Story>>

Turkey Manufacturing Sector Contraction Slows In May

06/01/2020 - 06:57 AM (RTTNews)
(RTTNews) - Turkey's manufacturing sector contracted in May amid coronavirus pandemic, but the ...Full Story>>

Poland Manufacturing Sector Continues To Shrink In May

06/01/2020 - 06:57 AM (RTTNews)
(RTTNews) - Poland's manufacturing sector contracted at the second sharpest pace since January ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.