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Australia Wage Price Index Climbs 0.9% In Q4
(RTTNews) - Australia's wage price index was up a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2023, the Australian Bureau of Statistics said on Wednesday.
That was in line with expectations and down from 1.3 percent in the three months prior.
On a yearly basis the wage price index climbed 4.2 percent - exceeding estimates for 4.1 percent and unchanged from the previous three months.
The public sector rose 4.3 percent over the 12 months to the December quarter 2023, tracking slightly above the private sector (4.2 percent) for the first time since December quarter 2020. The public sector annual rise was the highest for the sector since March quarter 2010.
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Australia's consumer confidence improved to a three-and-a-half year high in August as the central bank is expected to lower rates further after a third cut this year, monthly survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index rose to 98.5 in August from 93.1 in June.
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Australia Building Approvals Jump 11.9% In June
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The services sector in Australia continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 54.1.
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Australia Export Prices Sink 4.5% In Q2
Export prices in Australia were down 4.5 percent on quarter and 3.3 percent on year in the second quarter of 2025, the Australian Bureau of Statistics said on Thursday.
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Australia Retail Sales Rise 1.2% In June
Retail sales in Australia were up a seasonally adjusted 1.2 percent on month in June, the Australian Bureau of Statistics said on Thursday - coming in at A$37.906 billion.
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