Australia Q2 Wage Cost Index Adds 0.6%

Wage costs in Australia were up 0.6 percent on quarter in the second quarter of 2014, the Australian Bureau of Statistics said on Wednesday. That was shy of forecasts for an increase of 0.7 percent, which would have been unchanged from the first quarter. On a yearly basis, wage costs climbed 2.6 percent - in line with expectations and unchanged from the previous three months. The rises in indexes at the industry level ranged from 0.1 percent for accommodation and food services, public administration and safety, and arts and recreation services to 0.9 percent for mining. Increases in the original indexes through the year to the June quarter at the industry level ranged from 2.0 percent for both wholesale trade and professional, scientific and technical services to 3.2 percent for education and training. The material has been provided by InstaForex Company - www.instaforex.com
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