Workplace Report (March 2008)

Pay and prices

Average earnings indices (including bonuses)

Earnings index (1) for whole economy % annual rise
Whole economy Manufacturing Services Private sector Public sector
November 2006 (r) 127.9 3.8 4.7 4.0 4.1 3.1
December (r) 128.8 3.9 3.8 4.3 4.1 3.4
January 2007 (r) 129.3 4.9 3.6 5.3 5.3 3.2
February 131.3 4.9 3.6 5.4 5.4 2.8
March 129.7 3.5 3.5 3.3 3.8 3.1
April 129.8 3.4 3.2 3.6 3.2 3.2
May 130.5 3.6 4.4 3.5 3.8 3.0
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 (r) 133.5 3.6 4.2 3.6 3.7 3.3
January 2008 (p) 133.8 3.5 3.9 3.6 3.4 3.6
Headline rate for January (2) 3.7 3.9 3.8 3.8 3.5

(1) 2000=100.

(2) 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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