Average earnings indices

Whole economy % annual rise (1995=100) % annual rise Manufacturing Services Private sector Public sector 2001

July (r) 129.6 4.4 4.6 4.2 4.2 5.8

August (r) 130.4 4.3 4.6 4.0 4.0 5.9

September (r) 130.9 4.4 4.2 4.3 4.1 5.5

October (r) 131.4 4.4 3.9 4.4 4.1 5.6

November (r) 131.5 3.8 2.9 4.0 3.6 5.0

December (r) 131.5 2.2 2.5 1.9 1.6 5.0

2002

January (r) 132.1 2.9 3.1 2.8 2.5 4.7

February (r) 133.0 2.4 2.6 2.2 2.0 4.4

March (r) 133.2 3.4 3.0 3.2 3.2 4.4

April 133.8 3.9 3.3 4.0 4.0 3.5

May 134.1 4.0 3.4 4.2 4.1 3.5

June (r) 134.5 3.8 3.7 3.9 3.8 3.7

July (r) 134.9 4.1 3.7 4.2 4.2 3.5

August (p) 135.1 3.6 3.7 3.6 3.8 3.0

Headline rate1 for August 3.8 3.7 3.9 3.9 3.4

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 3.8% (HM Treasury).