United Kingdom Average Weekly Earnings Growth  2001-2018 | Data | Chart

UK workers' total earnings, including bonuses, increased by 2.6 percent to GBP 520 per week in the three months to July, up from a 2.4 percent rise in the previous period while markets had expected the rate to remain steady. Wage growth picked up in both public (2.4% vs 2.2%) and private sector (2.6% vs 2.4%); services (2.5% vs 2.2%), namely wholesaling, retailing, hotels and restaurants (3.6% vs 3.2%). Meantime, earnings rose less in manufacturing (2.3% vs 2.6%) and construction (4.5% vs 5.3%). Excluding bonuses, earnings went up 2.9 percent to GBP 489 per week, the quickest since March, following a 2.7 percent increase in the previous period and beating market consensus of a 2.8 percent gain. In real terms, earnings including bonuses edged up 0.2 percent and those excluding bonuses went up 0.5 percent, as wages are rising faster than prices. Still, real wages remain below their levels before the financial crisis. Wage Growth in the United Kingdom averaged 2.85 percent from 2001 until 2018, reaching an all time high of 6.60 percent in February of 2007 and a record low of -2.60 percent in March of 2009.

United Kingdom Average Weekly Earnings Growth
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 08:30 AM Average Earnings excl. Bonus 2.7% 2.8% 2.7% 2.8%
2018-09-11 08:30 AM Average Earnings excl. Bonus 2.9% 2.7% 2.8% 2.8%
2018-09-11 08:30 AM Average Earnings incl. Bonus 2.6% 2.4% 2.4% 2.5%
2018-10-16 08:30 AM Average Earnings incl. Bonus 2.6% 2.4% 2.6%
2018-10-16 08:30 AM Average Earnings excl. Bonus 2.9% 2.8% 2.8%
2018-11-13 09:30 AM Average Earnings incl. Bonus 2.7%


United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 4.00 12.00 3.40 percent [+]
Employed Persons 32397.00 32386.00 32399.00 23630.00 Thousand [+]
Unemployed Persons 918.80 910.10 3090.00 422.60 Thousand [+]
Part Time Employment 8538.00 8534.00 8636.00 5995.00 Thousand [+]
Full Time Employment 23859.00 23852.00 23859.00 19136.00 Thousand [+]
Employment Rate 75.50 75.60 75.70 65.60 percent [+]
Claimant Count Change 8.70 10.20 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 78.80 78.80 79.00 74.10 percent [+]
Long Term Unemployment Rate 1.10 1.10 4.30 0.90 percent [+]
Youth Unemployment Rate 11.00 10.90 22.30 9.70 percent [+]
Productivity 101.60 101.10 101.70 43.10 Index Points [+]
Labour Costs 103.90 103.80 103.90 20.70 Index Points [+]
Job Vacancies 833.00 830.00 833.00 432.00 Thousand [+]
Wages 520.00 519.00 520.00 300.00 GBP/Week [+]
Wage Growth 2.60 2.40 6.60 -2.60 percent [+]
Wages in Manufacturing 603.00 599.00 603.00 356.00 GBP/Week [+]
Minimum Wages 7.83 7.50 7.83 5.05 GBP/Hour [+]
Population 66.19 65.81 66.19 52.20 Million [+]
Retirement Age Women 65.00 64.17 65.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Living Wage Family 1280.00 1220.00 1280.00 1170.00 GBP/Month [+]
Living Wage Individual 970.00 920.00 970.00 840.00 GBP/Month [+]
Wages Low Skilled 1330.00 1280.00 1330.00 1220.00 GBP/Month [+]
Wages High Skilled 2210.00 2110.00 2210.00 2110.00 GBP/Month [+]
Average Weekly Hours 31.90 31.90 33.50 31.30 Hours [+]
Employment Change 3.00 42.00 307.00 -279.00 Thousand [+]


United Kingdom Average Weekly Earnings Growth

In the United Kingdom, wage growth refers to changes in average weekly earnings, before tax and other deductions and including bonuses. This page provides the latest reported value for - United Kingdom Average Weekly Earnings Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Average Weekly Earnings Growth - actual data, historical chart and calendar of releases - was last updated on October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.40 6.60 -2.60 2001 - 2018 percent Monthly
SA




wage growth by Country
Country Last
Argentina 2.37 Jul/18
Australia 2.10 Jun/18
Euro Area 1.90 Jun/18
France 0.70 Mar/18
Germany 0.50 Jun/18
Italy 1.90 Aug/18
Japan 0.90 Aug/18
Netherlands 2.09 Sep/18
Russia 7.00 Aug/18
Switzerland 0.80 Mar/18
United Kingdom 2.60 Jul/18
United States 4.79 Aug/18


Related

Latest