UK workers' total earnings, including bonuses, advanced by an annual 3.7% to GBP 538 per week in the three months to June 2019, the fastest pace in 11 years, following an upwardly revised 3.5% gain in the prior period and matching market expectations. Wages growth accelerated across all sectors: the private sector (3.9% vs 3.4% in May); the public sector (3.9% vs 3.6%); services (3.8% vs 3.5%), namely finance & business services (4.6% vs 4.1%); manufacturing (2.4% vs 1.9%); construction (5.9% vs 5.3%) and wholesaling, retailing, hotels & restaurants (2.4% vs 0.9%). Excluding bonuses, earnings were up 3.9% to GBP 505 per week, the strongest rise in wages since the three months to June 2008, after a 3.6% increase in the previous period and slightly above market expectations of a 3.8% gain. In real terms, earnings including bonuses went up 1.8%, and those excluding bonuses advanced 1.9%. Wage Growth in the United Kingdom averaged 2.86 percent from 2001 until 2019, 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.

Wage Growth in the United Kingdom is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in the United Kingdom to stand at 3.40 in 12 months time. In the long-term, the United Kingdom Average Weekly Earnings Growth is projected to trend around 3.30 percent in 2020, according to our econometric models.

United Kingdom Average Weekly Earnings Growth
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-16 08:30 AM Average Earnings excl. Bonus May 3.6% 3.4% 3.5% 3.3%
2019-07-16 08:30 AM Average Earnings incl. Bonus May 3.4% 3.2% 3.1% 3.2%
2019-08-13 08:30 AM Average Earnings excl. Bonus Jun 3.9% 3.6% 3.8% 3.4%
2019-08-13 08:30 AM Average Earnings incl. Bonus Jun 3.7% 3.5% 3.7% 3.2%
2019-09-10 08:30 AM Average Earnings incl. Bonus Jul 3.7%
2019-09-10 08:30 AM Average Earnings excl. Bonus Jul 3.9%
2019-10-15 08:30 AM Average Earnings incl. Bonus Aug


United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 3.80 12.00 3.40 percent [+]
Employed Persons 32811.00 32749.00 32811.00 23630.00 Thousand [+]
Unemployed Persons 1163.40 1135.50 3090.00 422.60 Thousand [+]
Part Time Employment 8704.00 8661.00 8704.00 5995.00 Thousand [+]
Full Time Employment 24107.00 24088.00 24149.00 19136.00 Thousand [+]
Employment Rate 76.10 76.00 76.10 65.60 percent [+]
Claimant Count Change 28.00 31.40 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 79.30 79.10 79.30 74.10 percent [+]
Long Term Unemployment Rate 1.00 1.00 4.30 0.90 percent [+]
Youth Unemployment Rate 11.30 11.00 22.30 9.70 percent [+]
Productivity 100.90 101.10 101.80 43.10 Index Points [+]
Labour Costs 105.50 105.60 105.60 20.70 Index Points [+]
Job Vacancies 820.00 824.00 861.00 432.00 Thousand [+]
Wages 538.00 536.00 538.00 300.00 GBP/Week [+]
Wage Growth 3.70 3.50 6.60 -2.60 percent [+]
Wages in Manufacturing 612.00 613.00 615.00 356.00 GBP/Week [+]
Minimum Wages 8.21 7.83 8.21 5.05 GBP/Hour [+]
Population 66.19 65.81 66.19 52.20 Million [+]
Retirement Age Women 65.50 65.00 65.50 60.00 [+]
Retirement Age Men 65.50 65.00 65.50 65.00 [+]
Living Wage Family 1300.00 1230.00 1300.00 1180.00 GBP/Month [+]
Living Wage Individual 895.00 850.00 900.00 785.00 GBP/Month [+]
Wages High Skilled 2330.00 2110.00 2460.00 2110.00 GBP/Month [+]
Wages Low Skilled 1320.00 1180.00 1320.00 1180.00 GBP/Month [+]
Average Weekly Hours 32.10 32.10 33.50 31.30 Hours [+]
Employment Change 115.00 28.00 311.00 -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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.50 6.60 -2.60 2001 - 2019 percent Monthly
SA




Country Last Previous
Argentina 4.23 May/19
Australia 2.30 Jun/19
Canada 3.40 May/19
Euro Area 2.50 Mar/19
France 0.80 Mar/19
Germany 1.20 Mar/19
Italy 0.70 Jun/19
Japan 0.40 Jun/19
Netherlands 2.59 Jul/19
Russia 3.50 Jul/19
Spain 4.96 Jun/19
Switzerland 0.50 Mar/19
United Kingdom 3.70 Jun/19
United States 5.48 Jun/19


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