Australia Wage Price Index for Q3 2019: 0.5% q/q (expected 0.5%)

Quarterly wages data from Australia improve in line with median estimates:

0.5 % q/q

• expected 0.5% q/q, prior 0.0%

2.2 % y/y

• expected 2.2% y/y, prior 2.3%

Private and Public sector indexes rose 0.9% and 0.7% respectively q/q

• Private sector rose 2.2% y/y
• Public sector rose 2.5% y/y

Wage growth in Health care and social assistance was the main contributor to the September quarter 2019 increase