The direction of change is the same, even if conditions here are not as bright as elsewhere. In all states, including in Western Australia, reported business conditions are now currently above their long-term averages. 4 / 16  BIS central bankers' speeches  The final of the four themes is weak wages growth. This, too, is a national story.
Over the past year, the wage price index increased by around 2 per cent or less in all states (Graph 5). For a number of years, growth in wages in Western Australia was running considerably above that in the rest of the country, with the result that the average level of wages here rose noticeably above that in other states.