Average earnings

Whole economy % annual rise

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

March (r) 128.8 4.4 5.3 4.3 4.3 4.5

April (r) 128.8 4.9 5.1 4.7 4.8 5.4

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 131.2 3.8 2.8 4.0 3.5 5.0

December 131.0 2.1 2.5 1.9 1.5 5.0

2002

January 132.0 2.9 3.1 2.7 2.5 4.7

February (r) 133.0 2.5 2.6 2.2 2.1 4.4

March (r) 133.2 3.5 3.0 3.3 3.2 4.4

April (p) 133.9 4.0 3.4 4.0 4.0 3.6

Headline rate1 for April 3.3 3.0 3.2 3.1 4.1

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 3.6% (HM Treasury).