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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUSTRALIA DATA
Today the Wage Price Index (WPI) for Q4 prints and it will be watched closely for any signs that higher inflation is feeding into wages and that they could be moving towards a rate that is no longer consistent with the RBA’s price target. It is currently expected to rise 1% q/q, in line with the Q3 result, bringing the annual rate to 3.5% from 3.1%. Also watch the average pay increase series.
- The SEEK advertised salary index rose 1.2% q/q in Q4 to be up 4.7% y/y after 1.2% q/q and 3.7% y/y in Q3.
- The majority of analysts are expecting a 1% q/q rise in the WPI but two expect 0.9% and four 1.1% and one each for 1.2% and 1.3%. Three of Australia’s big four banks expect 1% with Westpac forecasting slightly higher at 1.1%.
Australia wages growth y/y%
Source: MNI - Market News/SEEK/ABS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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