Goldman Sachs
May 13, 2026
Australia Wages 1Q2026
Macro ThematicMacro Economic IndicatorsHealth CareIndustrials
Australia's 1Q2026 Wage Price Index rose 0.75%qoq, meeting expectations, while annual growth eased to 3.28%. Despite the steady headline, underlying data showed strength in market-sensitive pay arrangements.
Key Takeaways
- 1.Australia's Wage Price Index grew 0.75%qoq in 1Q2026, meeting market and analyst expectations.
- 2.Underlying details were stronger than the headline, with individual arrangements rising at their fastest pace since 2024.
- 3.Public-sector wage growth slowed significantly in the quarter, though this may be due to the timing of wage resets.
Table of Contents
- Bottom line
- Key numbers
- Main points
- Exhibit 4: Key Data
- Disclosure Appendix
- Global product; distributing entities
- General disclosures
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Andrew BoakWill MaherOscar To
Securities
Wage Price Index
Themes
Wage Price PersistenceLabor Market Tightness
Regions
Asia PacificAustralia
