UK workers' total earnings, including bonuses, advanced by an annual 2.9% to GBP 544 per week in the three months to December 2019, the slowest pace since the three months to August 2018, below a 3.2% rise in the previous period and missing market expectations of a 3% increase. Pay growth eased in the private sector (2.7% vs 3.1%); services (2.9% vs 3.1%), of which finance & business services (3.7% vs 4.2%); construction (3.2% vs 4.5%) and wholesaling, retailing, hotels & restaurants (1.1% vs 1.9%); while it remained steady in the public sector (at 3.3%) and manufacturing (at 2.7%). Excluding bonuses, earnings were up 3.2% to GBP 512 per week, the least since the third quarter of 2018, following a 3.4% gain in the previous period and slightly below market estimates of 3.3%. In real terms, earnings including bonuses increased 1.4% to GBP 503 per week and those excluding bonuses rose 1.8% to GBP 474 per week.

Wage Growth in the United Kingdom averaged 2.88 percent from 2001 until 2019, reaching an all time high of 6.70 percent in February of 2007 and a record low of -2.70 percent in March of 2009. 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. source: Office for National Statistics

Wage Growth in the United Kingdom is expected to be 3.50 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 3.20 in 12 months time. In the long-term, the United Kingdom Average Weekly Earnings Growth is projected to trend around 3.60 percent in 2021 and 3.40 percent in 2022, according to our econometric models.


Ok
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.

Please Paste this Code in your Website
width
height
United Kingdom Average Weekly Earnings Growth

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.20 6.70 -2.70 2001 - 2019 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-01-21 09:30 AM Average Earnings excl. Bonus Nov 3.4% 3.5% 3.4% 3.3%
2020-01-21 09:30 AM Average Earnings incl. Bonus Nov 3.2% 3.2% 3.1% 3.2%
2020-02-18 09:30 AM Average Earnings excl. Bonus Dec 3.2% 3.4% 3.3% 3.4%
2020-02-18 09:30 AM Average Earnings incl. Bonus Dec 2.9% 3.2% 3% 3.1%
2020-03-17 09:20 AM Average Earnings incl. Bonus Jan 2.9%
2020-04-21 08:30 AM Average Earnings incl. Bonus Feb
2020-05-19 08:30 AM Average Earnings incl. Bonus Mar 3.5%
2020-06-16 08:30 AM Average Earnings incl. Bonus Apr


News Stream
UK Wage Growth Nears 1-1/2-Year Low of 2.9%
UK workers' total earnings, including bonuses, advanced by an annual 2.9% to GBP 544 per week in the three months to December 2019, the slowest pace since the three months to August 2018, below a 3.2% rise in the previous period and missing market expectations of a 3% increase. Pay growth eased in the private sector (2.7% vs 3.1%); services (2.9% vs 3.1%), of which finance & business services (3.7% vs 4.2%); construction (3.2% vs 4.5%) and wholesaling, retailing, hotels & restaurants (1.1% vs 1.9%); while it remained steady in the public sector (at 3.3%) and manufacturing (at 2.7%). Excluding bonuses, earnings were up 3.2% to GBP 512 per week, the least since the third quarter of 2018, following a 3.4% gain in the previous period and slightly below market estimates of 3.3%. In real terms, earnings including bonuses increased 1.4% to GBP 503 per week and those excluding bonuses rose 1.8% to GBP 474 per week.
2020-02-18
UK Wage Growth Above Expectations
UK workers' total earnings, including bonuses, advanced by an annual 3.2% to GBP 544 per week in the three months to November 2019, the same rate as in the previous period and slightly above market expectations of a 3.1% gain. It was the smallest increase since the three months to September 2018. Pay growth eased in the private sector (3.1% vs 3.2%); finance & business services (4.2% vs 4.3%); manufacturing (2.6% vs 2.8%); construction (4.4% vs 5%) and wholesaling, retailing, hotels & restaurants (1.8% vs 2.2%), while it edged up in the public sector (3.3% vs 3.1%) and services (3.2% vs 3.1%). Excluding bonuses, earnings were up 3.4% to GBP 511 per week, the least since the three months to April, following a 3.5% increase in the previous period and in line with market estimates. In real terms, earnings including bonuses increased 1.6% to GBP 503 per week and those excluding bonuses rose 1.8% to GBP 472 per week.
2020-01-21
UK Wages Rise the Least in Over a Year
UK workers' total earnings, including bonuses, advanced by an annual 3.2% to GBP 542 per week in the three months to October 2019, following an upwardly revised 3.7% gain in the prior period and below market expectations of a 3.4% rise. The increase in earnings including bonuses was the slowest since the three months to September 2018. Pay growth eased in the public sector (3.1% vs 3.3%); private sector (3.2% vs 3.7%); services (3.1% vs 3.7%), namely finance & business services (4.3% vs 4.5%); construction (5% vs 6%) and wholesaling, retailing, hotels & restaurants (2.3% vs 3%). In contrast, wage growth edged up in manufacturing (2.7% vs 2.6%). Excluding bonuses, earnings were up 3.5% to GBP 510 per week, the least since the three months to April, following a 3.6% increase in the previous period and slightly above market estimates of a 3.4% gain. In real terms, earnings including bonuses went up 1.5%, and those excluding bonuses rose 1.8%.
2019-12-17
UK Wages Grow Less than Expected
UK workers' total earnings, including bonuses, advanced by an annual 3.6 percent to GBP 542 per week in the three months to September 2019, after a downwardly revised 3.7 percent gain in the prior period and missing market expectations of a 3.8 percent rise. Wages growth slowed in the public sector (3.2 percent vs 3.4 percent), services (3.6 percent vs 3.7 percent) and manufacturing (2.6 percent vs 2.8 percent); while remained steady in the private sector (at 3.7 percent), finance & business services (at 4.4 percent) and wholesaling, retailing, hotels & restaurants (at 3.1 percent). In contrast, wages increased faster in construction (6.0 percent vs 5.8 percent). Excluding bonuses, earnings were up 3.6 percent to GBP 508 per week, following a 3.8 percent increase in the previous period and missing market estimates of a 3.8 percent gain. In real terms, earnings including bonuses went up 1.8 percent, and those excluding bonuses rose 1.7 percent.
2019-11-12

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.