Australia Wage Price Index q/q represents the change in the average wage level in public sector and private enterprises, in the reported quarter compared to the previous one. Bonuses are excluded from the calculation.
Wage Price Index is a leading indicator of consumer spending. The indicator reading growth can have a positive effect on AUD quotes.
The chart of the entire available history of the "Australia Wage Price Index q/q" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.