Labour Research September 2004

Key economic indicators

Earnings and pay

% annual rise Whole economy1 Manufacturing1 Services1 Private sector1 Public sector1 LRD average pay deals2 2003

June 3.2 3.1 3.3 2.7 5.4 3.2

July 3.6 3.2 3.9 3.2 5.3 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) 4.2 4.4 3.8 4.0 4.6 3.1

June (p) 4.3 4.1 4.2 4.2 4.5 3.1

Headline rate for June3 4.4 4.4 4.1 4.3 4.4

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