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Australia Wage Price Index Climbs 2.6% On Year In Q2
(RTTNews) - The wage price index in Australia was up 2.6 percent on year in the second quarter of 2022, the Australian Bureau of Statistics said on Wednesday.
That was shy of expectations for an increase of 2.7 percent and up from 2.4 percent in the three months prior.
On a seasonally adjusted quarterly basis, wages rose 0.7 percent - again missing forecasts for 0.8 percent but unchanged from the previous three months.
Private sector wages rose 2.7 percent over the year to June quarter 2022, the highest seasonally adjusted rate of growth for the sector since September 2013. Public sector wages rose 2.4 percent over the year.
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Australia Central Bank Unexpectedly Maintains Status Quo
The Reserve Bank of Australia adopted a wait-and-see approach on Tuesday, defying expectations for a quarter-point rate cut but confirmed that an easing cycle is coming. The policy board, governed by Michele Bullock, decided to hold the cash rate target at 3.85 percent. A majority of six members voted to hold the rate, while three members sought a change from 3.85 percent.
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Australia Manufacturing Sector Ebbs In June - S&P Global
The manufacturing sector in Australia continued to expand in June, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 50.6.
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Australia's consumer price inflation softened more than expected in May, giving space for the central bank to lower its interest rate. The monthly Consumer Price Index indicator rose 2.1 percent year-on-year, following the 2.4 percent increase in April, the Australian Bureau of Statistics reported Wednesday. A similar lower rate was last seen in October 2024.
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Australia GDP Adds 0.2% On Quarter In Q1
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Australia Services PMI Ebbs In May - S&P Global
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Australia Manufacturing PMI Slows In May - S&P Global
The manufacturing sector in Australia continued to expand in May, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.0.
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Australia Manufacturing PMI Steady At 51.7 In May - S&P Global
The manufacturing sector in Australia continued to expand in May, and at a steady pace, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 51.7.
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48 days ago
