MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

VIEW: Westpac Expects 1.3% Wage Gain, Wage Growth Disappointing

AUSTRALIA

Westpac’s expectations for today’s Q3 WPI release are in line with consensus at 1.3% q/q and 3.9% y/y. It says that it is going to be boosted by the July 1 increase in the minimum wage but they’d “thought it should have some signalling impact on near–term wage bargaining”.

  • Westpac’s forecast results in a 1.7% q/q increase in original terms with one third due to award wage increases, although 16% of the workforce is on awards. “Contrast that with individual arrangements which represent more than half the workforce and yet their contribution will be less than half.”
  • “Wage inflation has been quite disappointing compared to just how tight the labour market is and the announced outsized gain in the minimum wage this year.”
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.