NZ private sector wage inflation misses expectations in June quarter

Tue, 02 Aug 2016

By Paul McBeth Aug. 3 (BusinessDesk) - New Zealand private sector wage inflation rose at a slower pace than expected in the second quarter as a growing labour market and static consumer prices continued to limit pay increases. Private sector ordinary time wages rose 0.4 percent in the three months ended June 30, an unchanged pace from the March quarter, and were up 1.6 percent from a year earlier, slowing from a 1.8 percent annual increase in the prior period, according to Statistics New Zealand's labour cost index. That was short of eco...

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