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1.Market Observations, 8.Was Sticky

6 June 2017 (TheAge) – GDP forecasts mixed as company profits soar (up 40pc), wages flatline

(6 June 2017, The Age, BusinessDay, p25, Peter Martin)

‘Higher commodity prices pushed up company profits almost 40 per cent in the year to March at a time when the wage bill grew 0.9 per cent. The so-called partial indicators released by the Bureau of Statistics ahead of Wednesday’s national accounts have company profits climbing 6 per cent during the March quarter and wages only 0.3 per cent.’

Read more at TheAge.com.au

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