Workplace Report May 2015

Pay and prices

Average weekly earnings (AWE)

Total pay including bonuses. Percentage annual increases

Month Whole economy Private sector Public sector Manufacturing Services
January 2014 (r) 1.8% 2.3% 0.7% 3.9% 1.3%
February (r) 2.0% 2.3% 1.2% 3.0% 2.1%
March (r) 1.7% 1.3% 1.7% 2.6% 1.1%
April -1.4% -1.9% 0.6% 0.8% -1.6%
May 0.4% 0.7% 0.1% 2.0% 0.3%
June 0.6% 1.4% -2.1% 2.2% 0.4%
July 0.7% 0.8% 1.1% 1.9% 0.3%
August 0.9% 1.1% 0.6% 1.4% 0.8%
September 1.5% 1.7% 0.8% 2.3% 1.3%
October 2.0% 2.4% 0.5% 1.6% 2.0%
November 1.9% 2.3% 0.7% 1.1% 2.0%
December 2.4% 2.7% 0.9% 2.1% 2.4%
January 2015 (r) 1.4% 1.7% 0.6% 0.2% 1.8%
February (r) 1.1% 1.2% 0.9% 0.0% 1.3%
March (p) 3.3% 4.3% -0.9% 1.0% 3.6%
Headline rate1 1.9% 2.4% 0.2% 0.4% 2.2%

1 The latest three-month average.

(r) revised, (p) provisional.

Source: Office for National Statistics

Average of average earnings forecasts for 2015 is 2.5% (HM Treasury).

www.ons.gov.uk/ons/rel/lms/labour-market-statistics/april-2015/dataset--earnings.html

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/428467/Forecasts_for_UK_economy_May_2015.pdf