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Wage Price Index (QoQ)

The Wage Price Index released by the Australian Bureau of Statistics is an indicator of labor cost inflation and of the tightness of labor markets. The Reserve Bank of Australia pays close attention to it when setting interest rates. A high reading is positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).

Most recent - Wednesday 15 November 2023 00:30

Previous
0.8%
Revised
0.9%
Forecast
1.3%
Actual
1.3%

Next event - Wednesday 21 February 2024 00:30

Previous
1.3%
Forecast
-
Actual
-

The typical/expected impact on AUD pairs is medium.

There is no forecast value for Wage Price Index (QoQ) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Wage Price Index (QoQ) was 1.3% against a forecast of 1.3%.

Past events

Date
Forecast
Actual
Wednesday 15 November 2023 00:30
1.3%
1.3%
Tuesday 15 August 2023 01:30
1%
0.8%
Wednesday 17 May 2023 01:30
0.9%
0.8%
Wednesday 22 February 2023 00:30
1%
0.8%
Wednesday 16 November 2022 00:30
0.9%
1%
Wednesday 17 August 2022 01:30
0.8%
0.7%
Wednesday 18 May 2022 01:30
0.8%
0.7%
Wednesday 23 February 2022 00:30
0.7%
0.7%
Wednesday 17 November 2021 00:30
0.5%
0.6%
Wednesday 18 August 2021 01:30
0.6%
0.4%
Wednesday 19 May 2021 01:30
0.5%
0.6%
Wednesday 24 February 2021 00:30
0.3%
0.6%

Economic context

Recent economic data has been moderately bearish for AUD. Other recent announcements which may affect the market's interpretation of the next Wage Price Index (QoQ) result:

PreviousLatest
Building Permits (MoM)Bullish change-4%7.5%
Exports (MoM)Bullish change-1%0.4%
Imports (MoM)Bearish change8%-1.9%
Trade Balance (MoM)Bullish change6184M7129M
Gross Domestic Product (QoQ)Bearish change0.4%0.2%
Gross Domestic Product (YoY)Bullish change2%2.1%
AiG Industry IndexBearish change-9.9-22.4
RBA Interest Rate Decision(no change)4.35%4.35%
Judo Bank Composite PMIBearish change46.446.2
Judo Bank Services PMIBearish change46.346
Private Capital ExpenditureBearish change3.4%0.6%
Retail Sales s.a. (MoM)Bearish change0.9%-0.2%

About Wage Price Index (QoQ)

Country:Australia
Currency:AUD
Source:Australian Bureau of Statistics
Category:Labor Market
Frequency:Quarterly
 
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