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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
Company profits partially unwound the sharp Q3 drop in Q4. They rose a more-than-expected 10.6% q/q following an upwardly revised 11.5% q/q drop.
- Total industry spend on wages and salaries posted another strong rise in Q4 of 2.6% q/q, which was the sixth quarterly consecutive rise of 2% or above, leaving them up 11.6% y/y, the second highest since the series began in 2002. Increased employment, wages and other financial incentives have boosted the labour cost for businesses in a very tight labour market environment.
- Inventory volumes fell 0.2% q/q after an upwardly revised 2.1% leaving them up 5.9% y/y down from 7.6% in Q3 but still on an upward trend. Analysts expected a flat reading and this data suggests that there could be a slight inventory detraction in Wednesday’s GDP data.
Australia total wages & salaries %
Source: MNI - Market News/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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