Average earnings indices

% annual rise

Whole economy (1995=100) % annual rise Manufacturing Services Private sector Public sector

2000

December (r) 128.4 5.3 5.0 5.3 5.4 4.3

2001

January (r) 128.2 4.3 3.8 4.3 4.4 3.5

February 131.0 6.7 5.2 7.3 7.5 3.0

March 128.5 4.1 5.3 3.9 4.0 4.5

April 128.7 4.8 5.2 4.6 4.7 5.5

May 128.8 4.6 4.7 4.4 4.3 5.8

June 129.5 4.8 5.0 4.6 4.7 5.3

July 129.7 4.4 4.6 4.2 4.1 5.8

August 130.4 4.3 4.7 4.0 4.0 5.9

September 130.8 4.3 4.2 4.3 4.1 5.5

October 131.1 4.3 3.9 4.3 4.0 5.6

November (r) 131.2 3.8 2.8 4.0 3.5 5.0

December (r) 131.0 2.1 2.5 1.9 1.4 5.0

2002

January (p) 131.3 2.4 3.1 2.1 1.9 4.6

Headline rate1 for January 2.7 2.8 2.6 2.3 4.9

1 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 4th quarter 2002 is 4.0% (HM Treasury).