Average earnings indices

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

Sep 03 (r) 112.9 3.7 3.5 3.9 3.3 5.5

Oct 113.1 3.6 3.2 3.7 3.3 4.7

Nov (r) 113.3 3.2 3.6 2.9 2.9 4.2

Dec 113.5 3.4 3.3 3.4 3.2 4.3

Jan 04 118.3 7.6 3.5 8.9 8.5 4.1

Feb 114.5 3.9 3.5 3.7 3.8 4.4

Mar 115.3 4.3 3.6 4.7 4.3 4.4

Apr 115.6 4.5 4.7 4.3 4.6 4.1

May 115.8 4.1 4.3 3.7 4.0 4.6

June 116.1 4.1 4.1 4.0 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 (r) 117.3 3.9 3.1 3.9 3.8 4.4

Oct (r) 117.9 4.2 3.3 4.4 4.1 4.8

Nov (p) 118.3 4.5 2.9 4.5 4.4 5.0

Headline rate** for Nov 4.2 3.1 4.3 4.1 4.7

* 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).