You are here

New Zealand wage growth remains subdued

Wednesday, August 3, 2016 - 07:29

commuters.jpg
Statistics New Zealand said on Wednesday that the country's wage growth remains subdued in a period of slow consumer inflation.

[WELLINGTON] Statistics New Zealand said on Wednesday that the country's wage growth remains subdued in a period of slow consumer inflation.

Private sector wage inflation totaled 0.4 per cent in the June quarter and 1.6 per cent compared to the same quarter a year earlier.

Economists polled by Reuters had forecast that private sector wage growth would increase 0.5 per cent on the quarter and 1.8 per cent on the year.

REUTERS

Powered by GET.comGetCom