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Q1 WAGE PRICE INDEX +0.5% Q/Q; Q4....>

AUSTRALIA DATA
MNI (London)
AUSTRALIA DATA: Q1 WAGE PRICE INDEX +0.5% Q/Q; Q4 +0.5%; +2.1% Y/Y; Q4 +2.2%
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--Australian Bureau of Statistics (ABS) Chief Economist, Bruce Hockman stated
"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."
--Public sector wages grew at a slightly faster rate than the private sector
(0.5 compared to 0.4%), in original terms.
--Across industries, annual wage growth in March 2020 ranged from 1.6% for the
information media and telecommunication services industry to 3.0% for the health
care and social assistance industry.
--Victoria recorded the highest through the year growth of 2.5%, while Western
Australia recorded the lowest for the seventh consecutive quarter (1.8%).
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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