Q4 wage price data (the key data focus today) and Q4 construction work are both due

Q4 Wage Price Index

  • expected 0.5% m/m, prior 0.5%
  • expected 2.0% y/y, prior 2.0%

Q4 Construction Work Done

  • expected -10.0% q/q, prior +15.7%

What to expect: