Australia wage price index climbs 0.8% in second quarter

NEW YORK (Forex News Now) – Total hourly rates of pay in Australia rose slightly less than forecast in the second quarter, official data showed on Wednesday in one of the day’s major FX news events.

The Australian Bureau of Statistics said its Wage Price Index, which excludes bonuses, rose 0.8 percent during the quarter from a quarter earlier, after growth of 0.9 percent in the January-March period.

Analysts had expected an increase of 0.9 percent in the second quarter, two major forex news outlets reported.

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.