Workplace Report July 2016

Pay and prices

Average weekly earnings (AWE)


Total pay including bonuses. Percentage annual increases



Month Whole economy Private
 sector Public
 sector Manufacturing Services
March 2015 (r) 3.9% 5.0% -0.2% 2.1% 4.1%
April (r) 2.3% 2.8% 0.7% 1.7% 2.4%
May (r) 2.7% 3.2% 1.1% 0.8% 2.8%
June 2.3% 2.5% 1.0% 1.7% 2.4%
July 3.6% 4.3% 1.0% 1.7% 3.7%
August 3.2% 3.6% 1.2% 1.7% 3.2%
September 2.1% 2.3% 1.5% 1.2% 2.1%
October 1.9% 2.1% 1.3% 1.5% 1.8%
November 2.2% 2.3% 1.5% 1.5% 2.0%
December 1.6% 1.9% 0.9% 1.3% 1.5%
January 2016 2.7% 3.0% 1.5% 2.0% 2.4%
February) 1.3% 1.2% 1.5% 1.7% 0.8%
March 2.0% 2.3% 1.9% 1.6% 1.8%
April (r) 2.6% 2.9% 1.7% 1.8% 2.3%
May (p) 2.1% 2.3% 1.4% 3.1% 1.7%
Headline rate1 2.3% 2.5% 1.7% 2.2% 1.9%

1 The latest three-month average.


(r) revised, (p) provisional. 


Source: Office for National Statistics

Median of average earnings forecasts for 2016 is 2.5% (HM Treasury).

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/539316/Forecasts_for_the_UK_Economy_July_2016.pdf