The Australian Bureau of Statistics (ABS) has just released its Wage Price Index for the September quarter of 2017, which revealed a continuation of weak wages growth across the economy:
According to the ABS, wages grew by 0.48% (both s.a. and trend) in the September quarter, well below economists’ expectations of a 0.7% rise. Private sector wages grew by 0.48% (both s.a. and trend) over the quarter, whereas public sector wages grew by 0.54% (both s.a. and trend).
