Australian Wage Price Index (WPI) rose 0.6 per cent in December quarter

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21 February 2018

Australian Wage Price Index (WPI) rose 0.6 per cent in December quarter

The seasonally adjusted Wage Price Index (WPI) rose 0.6 per cent in December quarter 2017 according to figures released today by the Australian Bureau of Statistics (ABS).

The WPI rose 2.1 per cent through the year seasonally adjusted to December quarter 2017.

ABS Chief Economist Bruce Hockman said "The annual rate of wage growth has increased for the second consecutive quarter reflecting falling unemployment and underemployment rates, and increasing job vacancy levels."

Seasonally adjusted, private sector wages rose 1.9 per cent and public sector wages grew 2.4 per cent through the year to December quarter 2017.

Eurostoxx 50 futures down 0.3 pct, DAX futures down 0.3 pct, CAC 40 futures down 0.3 pct, FTSE futures down 0.1 pct

February Japan flash PMI data is fairly mixed overall - Markit

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