Workplace Report (February 2008)

Pay and prices

Average earnings indices (including bonuses)

Earnings index (1) for whole economy % annual rise
Whole economy Manufacturing Services Private sector Public sector
October 2006 (r) 128.0 4.4 5.3 4.5 4.7 3.2
November (r) 127.9 3.8 4.7 4.0 4.1 3.0
December (r) 128.8 3.9 3.9 4.3 4.1 3.3
January 2007 129.3 4.9 3.5 5.3 5.2 3.3
February 131.3 4.9 3.6 5.4 5.4 2.8
March 129.7 3.5 3.5 3.3 3.8 3.1
April 129.8 3.4 3.2 3.6 3.2 3.2
May 130.5 3.6 4.4 3.5 3.8 3.0
June 131.1 3.2 3.9 3.2 3.2 3.1
July 131.5 3.8 4.3 3.8 4.2 2.5
August 132.1 4.2 2.8 4.6 4.4 3.2
September 132.7 4.2 2.2 4.5 4.4 3.2
October (r) 132.7 3.7 2.5 4.0 3.8 3.2
November (r) 133.2 4.2 3.5 4.2 4.3 3.4
December (p) 133.5 3.6 4.3 3.6 3.8 3.3
Headline rate (2) for Dec 3.8 3.5 3.9 4.0 3.3

(1) 2000=100.

(2) Average of earnings increases for latest three months compared to a year earlier.

(r) revised. (p) provisional.

Source: National Statistics.

Average of average earnings forecasts for 2008 is 4.0% (HM Treasury).


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