Wage growth in Australia – slowest in over 20 years

Source: WBP Online
© FP
Australian wage growth became significantly slower in Q1, showing the lowest levels in more than 20 years. The annual growth in the Australian Wage Price Index showed 2.1%, down from the final quarter of 2015, when wages displayed a 2.2% advance, a level last seen in 1997 when the series of data were first recorded. The quarterly WPI rose 0.4%, and missed analyst expectations who anticipated a 0.5% gain.
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Wed, 18 May 2016 09:06:05 GMT

New Zealand fails to evade deflationary territory

The cost of production inputs along with wholesale prices took a further hit in New Zealand, as Q1 data showed a 1.0% plunge in the Producer Price Index for inputs, which is slightly better than the 1.2% drop over the previous quarter. The news left analysts disappointed as they had anticipated a 0.3% gain in the measure. The Output PPI dipped 0.2%, recovering

Wed, 18 May 2016 08:41:12 GMT

European stocks open lower on Wednesday

Stock exchanges in Europe trailed Asian stocks by opening also lower on Wednesday, as at the session opening UK's FTSE 100 dropped 0.5% to 6,140.13 points and German DAX 30 index fell 0.8% to 9,811.80 points. In the meantime, French CAC 40 lost 0.6% to 4,272.74 points and pan-European Euro Stoxx 50 shrunk by 0.7% to 2,917.54 points.

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