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

UK workers' total earnings, including bonuses, increased by 2.4 percent to GBP 518 per week in the three months to June, slowing further from a 2.5 percent rise in the previous period and missing market expectations of a 2.5 percent gain. It was the weakest gain in wages since the three months to September 2017, partly due to changes in the timing of annual bonus payments. Wages growth eased in the manufacturing (2.5% to 2.9%) and construction sectors (5.3% vs 5.7%) and was steady in wholesaling, retailing, hotels and restaurants (3.2%). Conversely, earnings rose faster in the public sector (2.2% to 2.1%); and financial services (1.5% vs 1.4%). Excluding bonuses, earnings went up 2.7 percent to GBP 488 per week, after an upwardly revised 2.8 percent increase in the prior period and matching market consensus. In real terms, earnings including bonuses edged up 0.1 percent and those excluding bonuses went up 0.4 percent, both growing the least since the three months to March. 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
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-17 08:30 AM Average Earnings excl. Bonus 2.7% 2.8% 2.7% 2.8%
2018-08-14 08:30 AM Average Earnings excl. Bonus 2.7% 2.8% 2.7% 2.8%
2018-08-14 08:30 AM Average Earnings incl. Bonus 2.4% 2.5% 2.5% 2.6%
2018-09-11 08:30 AM Average Earnings incl. Bonus 2.4% 3.1%
2018-09-11 08:30 AM Average Earnings excl. Bonus 2.7%
2018-10-16 08:30 AM Average Earnings incl. Bonus 3.2%


United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 4.20 12.00 3.40 percent [+]
Employed Persons 32386.00 32399.00 32399.00 23630.00 Thousand [+]
Unemployed Persons 906.10 899.90 3090.00 422.60 Thousand [+]
Part Time Employment 8542.00 8636.00 8636.00 5995.00 Thousand [+]
Full Time Employment 23856.00 23758.00 23856.00 19136.00 Thousand [+]
Employment Rate 75.70 75.60 75.70 65.60 percent [+]
Claimant Count Change 6.20 9.00 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 79.00 79.00 79.00 74.10 percent [+]
Long Term Unemployment Rate 1.10 1.10 4.30 0.90 percent [+]
Youth Unemployment Rate 11.70 11.50 22.30 9.70 percent [+]
Productivity 101.60 101.20 101.60 43.10 Index Points [+]
Labour Costs 103.80 103.00 103.80 20.70 Index Points [+]
Job Vacancies 824.00 817.00 824.00 432.00 Thousand [+]
Wages 517.00 516.00 517.00 300.00 GBP/Week [+]
Wage Growth 2.40 2.50 6.60 -2.60 percent [+]
Wages in Manufacturing 601.00 602.00 602.00 356.00 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 31.80 33.50 31.30 Hours [+]
Employment Change 42.00 137.00 307.00 -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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.50 6.60 -2.60 2001 - 2018 percent Monthly
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wage growth by Country
Country Last
Australia 2.10 Jun/18
Euro Area 1.80 Mar/18
France 0.70 Mar/18
Germany 1.10 Mar/18
Italy 2.00 Jun/18
Japan 3.60 Jun/18
Netherlands 2.19 Jul/18
Russia 7.20 Jun/18
Switzerland 0.80 Mar/18
United Kingdom 2.40 Jun/18
United States 4.89 May/18


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