Reported Earlier, Australia Wage Price Index (QoQ) For Q2 0.8% Vs. 0.9% Est.; 0.9% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Wage Price Index for Q2 came in at 0.8%, below the estimated 0.9% and the revised prior figure of 0.9%.
August 13, 2024 | 4:57 am
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The Australia Wage Price Index for Q2 was reported at 0.8%, below the expected 0.9%. This could indicate slower wage growth, potentially impacting the iShares MSCI Australia ETF (EWA).
The lower-than-expected wage growth in Australia could signal economic softness, which may negatively impact the performance of the iShares MSCI Australia ETF (EWA) in the short term.
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