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Pay and prices
Average earnings indices (including bonuses)
| Earnings index* for whole economy | % annual rise | |||||
|---|---|---|---|---|---|---|
| Whole economy | Manufacturing | Services | Private sector | Public sector | ||
| Jan 2007 (r) | 129.4 | 5.0 | 3.6 | 5.4 | 5.4 | 3.3 |
| February (r) | 130.8 | 4.5 | 3.6 | 4.8 | 4.9 | 2.7 |
| March (r) | 129.7 | 3.5 | 3.4 | 3.1 | 3.8 | 3.2 |
| 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 | 133.7 | 3.7 | 4.2 | 3.6 | 3.8 | 3.3 |
| Jan 2008 (r) | 134.4 | 3.8 | 3.8 | 4.0 | 3.9 | 3.6 |
| February (r) | 135.6 | 3.7 | 3.2 | 3.9 | 3.5 | 4.2 |
| March (p) | 135.7 | 4.7 | 4.5 | 4.9 | 4.7 | 3.7 |
| Headline rate** for March | 4.0 | 3.8 | 4.3 | 4.0 | 3.8 |
* 2000=100. ** 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).