Workplace Report September 2005

Pay and prices

Average earnings indices

Earnings index* % annual rise Whole economy Manufacturing Services Private sector Public sector

Apr 04 (r) 115.6 4.4% 4.5% 4.4% 4.5% 4.2%

May (r) 115.9 4.2% 4.5% 3.8% 4.3% 4.2%

June (r) 116.2 4.2% 4.1% 4.1% 4.0% 4.5%

July 116.3 3.3% 3.8% 2.9% 3.2% 3.7%

Aug 116.9 4.1% 3.3% 4.0% 4.0% 4.5%

Sep 117.3 3.9% 3.1% 3.9% 3.8% 4.4%

Oct 117.8 4.2% 3.4% 4.3% 4.1% 4.8%

Nov 118.9 4.6% 2.9% 4.7% 4.6% 4.7%

Dec 118.4 4.3% 3.7% 4.4% 4.3% 4.4%

Jan 05 121.9 4.0% 3.1% 4.0% 3.9% 4.7%

Feb 120.6 5.7% 3.7% 6.3% 5.9% 4.6%

Mar 120.7 3.9% 3.3% 4.4% 3.9% 4.2%

Apr (r) 120.5 4.3% 3.6% 4.5% 4.1% 5.0%

May (r) 120.6 4.1% 1.9% 4.6% 3.3% 7.6%

June (p) 121.0 4.1% 2.8% 4.4% 4.1% 4.3%

Headline rate** for June 4.2% 2.8% 4.5% 3.8% 5.6%

* For whole economy, 2000=100.

** Average of earnings increases for latest three months compared to year earlier.

(r) revised. (p) provisional.

Source: National Statistics.

Average of average earnings forecasts for 2005 is 4.4% (HM Treasury).