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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