Workplace Report June 2004

Pay and prices

Average earnings indices

Earnings index1 for whole economy % annual rises Whole economy Manufacturing Services Private sector Public sector

Feb 03 (r) 110.0 2.9 4.4 2.4 2.4 5.2

Mar (r) 111.1 4.2 5.7 3.8 3.7 5.0

Apr (r) 110.8 2.5 2.8 2.6 1.9 5.2

May 111.3 3.1 3.2 3.3 2.8 4.6

June 111.6 3.2 3.0 3.3 2.6 5.4

July 112.3 3.6 3.2 3.9 3.2 5.3

Aug 112.4 3.5 2.9 3.8 2.9 6.0

Sep 112.8 3.7 3.5 3.9 3.2 5.5

Oct 113.0 3.6 3.2 3.8 3.4 4.7

Nov 113.7 3.3 3.5 3.2 3.1 4.2

Dec 113.2 3.4 3.4 3.3 3.1 4.3

Jan 04 117.1 7.3 3.6 8.7 8.1 4.1

Feb 114.3 3.9 3.6 3.7 3.9 4.4

Mar (r) 115.9 4.3 3.2 4.7 4.4 4.4

Apr (p) 116.0 4.7 4.7 4.6 4.9 4.1

Headline rate2 for Apr 4.3 3.8 4.3 4.4 4.3

1 2000=100. 2 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 2004 is 4.1% (HM Treasury).