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Rebound in wage data offers glimmer of hope

Dec 04, 2017 (The Australian Financial Review - ABIX via COMTEX) --

Data from the Australian Bureau of Statistics shows that wages in the private sector rose by 1.1 per cent quarter-on-quarter during the three months to September, and 2.5 per cent year-on-year. Data on public sector wage growth will be released with the national accounts on 6 December. However, the latest data suggests that the Reserve Bank will have scope to increase the cash rate if the recent growth in wages is sustained. Craig James of CommSec expects an interest rate rise in late 2018..

Publication Date: 5 December 2017

AUSTRALIAN BUREAU OF STATISTICS
RESERVE BANK OF AUSTRALIA
COMMONWEALTH SECURITIES LIMITED
AUSTRALIA.  FAIR WORK COMMISSION
GOLDMAN SACHS AUSTRALIA PTY LTD

By Jacob Greber

Copyright 2017 Roy Morgan Research. All Rights Reserved.

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