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Wages in Australia at a much weaker pace

Australia's wages weaker

Wages in Australia, for the last quarter, escalated at a much weaker pace, amid the minimization in consumer spending and the policymakers' challenge on inflation.

Australia's WPI lower to 0.4%

The Australian wage price index dropped from 0.5% to 0.4% and differed from the economists' and the analysts' estimations for stability at 0.5%.

The yearly wage growth reached the 1.9% zone and was lower than the predictions for 2.0%. The Aussie reached the $0.7540, declining 0.2%.

China's retail sales to rise

The retail sales in China are expected to approach the 48 trillion yuan by the year 2020, thus reporting a growth of 10% on a yearly average level, the Commerce Ministry said today.

The nation's domestic consumption is expected to support or contribute to economic growth for the period 2016 to 2020.

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Wednesday, 16 Nov, 2016 / 8:48

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/wages-in-australia-at-a-much-weaker-pace

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