Workplace Report November 2008

Pay and prices

Average earnings indices (including bonuses)

Earnings index* for whole economy % annual rise
Whole economy Manufac-turing Services Private sector Public sector
July 2007 (r) 131.5 3.8 4.3 3.7 4.1 2.6
August (r) 132.3 4.3 2.9 4.6 4.5 3.3
September 132.9 4.3 2.4 4.7 4.6 3.1
October 132.9 3.7 2.6 4.0 3.8 3.2
November 133.5 4.2 3.5 4.2 4.4 3.4
December 133.8 3.7 4.2 3.7 3.8 3.3
Jan 2008 134.3 3.8 3.7 3.9 3.8 3.6
February 135.1 3.7 3.1 3.7 3.4 4.1
March 135.2 4.5 4.4 4.9 4.6 3.7
April 134.9 3.8 3.0 4.0 3.7 3.8
May 135.3 3.4 3.3 3.5 3.5 3.1
June 135.8 3.4 2.5 3.7 3.6 2.9
July (r) 136.2 3.6 2.8 3.9 3.5 4.0
August (r) 136.5 3.2 3.0 3.4 3.1 3.6
Sept (p) 137.0 3.0 3.1 3.1 2.8 4.0
Headline rate** for Sept 3.3 2.9 3.5 3.1 3.9

* 2000=100. ** Average of earnings increases for latest three months compared to a year earlier. (r) revised. (p) provisional. Source: National Statistics.

Average of average earnings forecasts for 2008 is 3.9% (HM Treasury).