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

UK workers' total earnings, including bonuses, rose by an annual 2.8 percent to GBP 513 per week in the three months to February of 2018, the same pace as in the previous period and missing market forecasts of 3 percent. Still, it was the first time in a year that wages grew faster than inflation. Wage growth picked up in: construction (3.5 percent vs 3.0 percent), public sector (2.3 percent vs 2.1 percent) and financial services (3.4 percent vs 3.2 percent) while eased in manufacturing (2.8 percent vs 3.1 percent) and wholesaling, retailing, hotels and restaurants (2 percent vs 2.3 percent). Excluding bonuses, earnings went up 2.8 percent to GBP 483 per week, the most since the three months to August 2015 and matching market expectations. In real terms, earnings including bonuses were up 0.1 percent, the first gain in near a year, while those excluding bonuses rose 0.2 percent, the first increase since January 2017. 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
2018-03-21 09:30 AM Average Earnings excl. Bonus 2.6% 2.5% 2.6% 2.5%
2018-04-17 08:30 AM Average Earnings excl. Bonus 2.8% 2.6% 2.8% 2.7%
2018-04-17 08:30 AM Average Earnings incl. Bonus 2.8% 2.8% 3% 2.9%
2018-05-15 08:30 AM Average Earnings incl. Bonus 2.8% 2.9%
2018-05-15 08:30 AM Average Earnings excl. Bonus 2.8%
2018-06-12 08:30 AM Average Earnings incl. Bonus 2.9%


United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.20 4.30 12.00 3.40 percent [+]
Employed Persons 32262.00 32248.00 32262.00 23630.00 Thousand [+]
Unemployed Persons 855.30 843.70 3090.00 422.60 Thousand [+]
Part Time Employment 8582.00 8533.00 8583.00 5995.00 Thousand [+]
Full Time Employment 23679.00 23715.00 23715.00 19136.00 Thousand [+]
Employment Rate 75.40 75.30 75.40 65.60 percent [+]
Claimant Count Change 11.60 15.10 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 78.80 78.80 78.80 74.10 percent [+]
Long Term Unemployment Rate 1.10 1.20 4.30 0.90 percent [+]
Youth Unemployment Rate 11.50 11.90 22.30 9.70 percent [+]
Labour Costs 105.50 105.10 105.50 20.80 Index Points [+]
Productivity 101.90 101.20 101.90 43.70 Index Points [+]
Job Vacancies 815.00 816.00 823.00 432.00 Thousand [+]
Wages 513.00 513.00 513.00 300.00 GBP/Week [+]
Wage Growth 2.80 2.80 6.60 -2.60 percent [+]
Wages in Manufacturing 596.00 598.00 598.00 356.00 GBP/Week [+]
Minimum Wages 7.83 7.50 7.83 5.05 GBP/Hour [+]
Population 65.81 65.38 65.81 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 High Skilled 2210.00 2110.00 2210.00 2110.00 GBP/Month [+]
Wages Low Skilled 1330.00 1280.00 1330.00 1220.00 GBP/Month [+]
Average Weekly Hours 32.00 32.10 33.50 31.30 Hours [+]
Employment Change 55.00 168.00 307.00 -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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.80 6.60 -2.60 2001 - 2018 percent Monthly
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wage growth by Country
Country Last
Australia 2.10 Dec/17
Euro Area 1.70 Dec/17
France 0.10 Dec/17
Germany 0.50 Dec/17
Italy 0.90 Feb/18
Japan 1.30 Feb/18
Netherlands 1.83 Mar/18
Russia 6.50 Mar/18
Switzerland 0.50 Sep/17
United Kingdom 2.80 Feb/18
United States 4.47 Feb/18


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