New Zealand 2Q Labor Costs Index

  • Private wages excluding overtime rose 0.5% (0.6% forecast).
  • Private wages including overtime rose 0.5% (0.5% forecast).
  • Average Hourly earnings rose 0.2% (0.5% forecast).
  • Ordinary time wages rise 2.1% from year ago.
  • Total filled jobs rise 0.7% from 1Q.
  • Full-time equivalent employees rise 1.1% vs 1Q.

Nzd quietly trading around the 0.8200 level .

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