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August, 201712:24 AM



The Week Ahead

The Week Ahead

In Australia over the coming week wage data will be in focus.

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11.08.2017 12:12 PM

In Australia over the coming week wage data will be in focus. Overseas in the US the main interest will be in the minutes of the last Federal Reserve Open Market Committee meeting. While in China the usual monthly download of Chinese economic data – including retail sales, production and investment are slated for release on Monday.

In Australia, on Wednesday, the main measure of wages is released by the ABS – the wage price index. While many remark at the ‘extraordinary’ situation of super low wage growth it is still the fact that wage growth outpaces some of the key inflation measures. We tip wage growth of 0.5 per cent in the quarter and 1.9 per cent growth over the year. The strength in employment growth and sliding unemployment is unlikely to lift wage growth in the near-term.


Originally published by Savanth Sebastian, Senior Economist, CommSec
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