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3Q ECI +0.8% vs +0.7% expected, up from in..>

US DATA
US DATA: 3Q ECI +0.8% vs +0.7% expected, up from +0.6% in 2Q due 
to an acceleration in wages and salaries.
- ECI +2.8% y/y in 3Q, the same as in 2Q and higher than +2.5% y/y in 3Q
2017.
- Wages and salaries +0.9% vs +0.5% in previous quarter, and the y/y rate 
+2.9% from +2.8% in the previous quarter.
- Benefits +0.4% vs +0.9% in 2Q. Benefits +2.6% y/y vs +2.9% y/y in 2Q. 
- Overall, the data suggests a continuing upward trend for compensation 
and employment costs.

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