Workplace Report (July 2008)

Pay and prices

Average earnings indices (including bonuses)

Earnings index* for whole economy % annual rise
Whole economy Manufacturing Services Private sector Public sector
Mar 2007 (r) 129.2 3.2 3.4 2.6 3.5 3.1
April (r) 130.1 3.6 3.2 3.9 3.7 3.1
May (r) 130.8 3.8 4.4 3.9 4.0 3.1
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 132.7 3.7 2.5 4.0 3.8 3.2
November 133.2 4.2 3.5 4.2 4.3 3.4
December 133.7 3.7 4.2 3.6 3.8 3.3
Jan 2008 134.4 3.8 3.8 4.0 3.9 3.6
February 134.5 3.7 3.2 3.8 3.5 4.2
March (r) 135.2 4.6 4.6 5.0 4.7 3.7
April (r) 134.7 3.5 2.9 4.0 3.7 3.8
May (p) 135.2 3.3 3.3 3.5 3.4 3.1
Headline rate** for May 3.8 3.6 4.2 3.9 3.5

* 2000=100. ** 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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