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New Zealand wage growth remains subdued

Wednesday, August 3, 2016 - 07:29
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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