January to March 2019 wages data from Australia
0.5 % q/q for a miss. Slow wage growth continues.
- expected 0.6% q/q, prior 0.5%
2.3 % y/y
- expected 2.3% y/y, prior 2.3%
Private sector wage growth 0.5%
- 0.4% in the public sector
I guess with inflation so low and falling real wages are higher. Plenty of folks are not on board with the veracity of the CPI data though. What with Mars bars getting smaller and what have you ;-)
Oh, ps. AUD not doing a real lot on the data release. AUD/USD slid earlier and has retraced quite a good amount of that. Small range though.
I posted previews of this earlier: