Workplace Report May 2007

Pay and prices

Average earnings indices (including bonuses)

Earnings index* % annual rise
Whole economy Manufacturing Services Private sector Public sector
January 2006 (r) 124.3 2.8 5.2 2.7 2.8 4.1
February (r) 125.2 4.5 5.2 4.3 4.5 4.2
March (r) 125.6 4.7 4.9 4.9 4.8 4.4
April 124.8 3.5 5.9 3.2 3.7 2.9
May 125.9 4.4 5.7 4.2 4.7 3.7
June 126.6 4.9 5.8 4.9 5.3 3.7
July 126.5 3.9 4.8 3.8 3.8 4.1
August 126.8 3.8 5.3 3.7 3.9 3.2
September 127.3 4.1 5.4 4.2 4.3 3.4
October 127.6 4.2 5.1 4.4 4.4 3.3
November 128.2 4.0 4.7 4.1 4.1 3.1
December 129.0 3.9 3.9 4.2 4.1 3.3
January 2007 (r) 130.0 4.6 3.5 5.0 5.0 3.3
February (r) 131.7 5.2 3.5 5.7 5.8 2.9
March (p) 130.4 3.8 3.3 3.7 3.9 3.1
Headline rate** for March 4.5 3.4 4.8 4.9 3.1

* Whole economy, 2000=100.

** 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 2007 is 4.5% (HM Treasury).