Key Economic Indicators

Earnings and pay

% annual rise Whole economy (1) Manufacturing (1) Services (1) Private sector (1) Public sector (1) LRD average pay deals (2) 2003

July (r) 3.8 3.2 4.1 3.4 5.4 3.2

August 3.5 2.9 3.8 2.9 6.0 3.1

September 3.7 3.5 3.9 3.2 5.5 3.0

October 3.6 3.2 3.8 3.4 4.7 3.2

November 3.3 3.5 3.2 3.1 4.2 3.3

December 3.4 3.4 3.3 3.1 4.3 3.3

2004

January 7.3 3.6 8.7 8.1 4.1 3.1

February 3.9 3.6 3.7 3.9 4.4 3.0

March 4.3 3.2 4.8 4.4 4.3 3.0

April 4.6 4.8 4.4 4.7 4.1 3.1

May (r) 4.1 4.4 3.7 4.0 4.6 3.1

June (r) 4.1 4.1 3.9 4.1 4.5 3.1

July (p) 3.3 3.9 2.8 3.2 3.6 3.0

Headline rate for July3 3.8 4.1 3.5 3.8 4.2

1 Average weekly earnings in Great Britain, seasonally adjusted, as monitored by National Statistics. 2 The midpoint of pay settlements for the latest three months as monitored on the Labour Research Department's PayLine database. 3 The average of the earnings increase figures for the latest three months compared with a year earlier. (r) revised (p) provisional

Retail prices

Retail price index (Jan 1987=100) % annual increase % increase excluding mortgage payments 2003

July 181.3 3.1 1.3

August 181.6 2.9 1.4

September 182.5 2.8 1.4

October 182.6 2.6 1.4

November 182.7 2.5 1.3

December 183.5 2.8 1.3

2004

January 183.1 2.6 1.4

February 183.8 2.5 1.3

March 184.6 2.6 1.1

April 185.7 2.5 1.2

May 186.5 2.8 1.5

June 186.8 3.0 1.6

July 186.8 3.0 1.4

August 187.4 3.2 1.3

Source: National Statistics

Full-time average weekly earnings by occupation

All workers 499.60

All male 551.30

All female 415.80

Managers 784.90

Professionals 683.20

Associate professionals1 554.30

Admin & secretarial 355.30

Skilled/craft 433.00

Services2 297.00

Sales 303.30

Operatives 392.50

Other manual jobs3 321.30

1 Associate professionals include technicians, nurses, police, firefighters, media/PR workers, train drivers, legal and finance workers and sales reps. 2 Services means personal service occupations such as care workers, travel assistants, hairdressers, caretakers. 3 Other manual jobs refers to "elementary" occupations including farm workers, labourers, dockers, postal workers, porters, waiters, cleaners.

Source: New Earnings Survey April 2003 (uprated)