United Kingdom Average Weekly Wages in Manufacturing  Forecast


Wages in Manufacturing in the United Kingdom is expected to be 589.00 GBP/Week by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in the United Kingdom to stand at 595.00 in 12 months time. In the long-term, the United Kingdom Average Weekly Wages in Manufacturing is projected to trend around 614.00 GBP/Week in 2020, according to our econometric models.


United Kingdom Average Weekly Wages in Manufacturing
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United Kingdom Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4.3 4.5 4.6 4.6 4.7 5.1
Employed Persons 30923 31200 31250 31300 31350 31800
Unemployed Persons 804 808 810 811 812 829
Part Time Employment 8540 8620 8670 8700 8730 8960
Full Time Employment 23596 23590 23610 23640 23660 23990
Employment Rate 75.1 75.6 75.7 75.6 75.5 74.6
Claimant Count Change 1.7 12 16 11 9 6
Labor Force Participation Rate 78.6 79 79.2 79.4 79.6 82
Long Term Unemployment Rate 1.2 1.2 1.3 1.3 1.4 2
Youth Unemployment Rate 11.8 11.5 11.4 11.2 11 11.9
Labour Costs 105 105 105 105 106 110
Productivity 99.9 104 105 105 106 110
Job Vacancies 774 783 784 785 786 792
Wages 507 508 510 512 514 532
Wage Growth 2.2 2 2.1 2.2 2.2 2.5
Wages in Manufacturing 589 589 591 593 595 614
Minimum Wages 7.5 7.5 7.5 8 8 9
Population 65.81 65.81 66.29 66.29 66.29 67.16
Retirement Age Women 63.5 63.5 64 64 64 66
Retirement Age Men 65 65 65 65 65 66
Wages Low Skilled 1190 1300 1310 1310 1310 1550
Wages High Skilled 2140 2290 2310 2310 2310 2490
Living Wage Family 1152 1240 1290 1290 1290 1520
Living Wage Individual 1044 1120 1170 1170 1170 1470
Average Weekly Hours 32.2 32.2 32.2 32.2 32.2 32.3
Employment Change 0.4 0.5 0.5 0.5 0.4 0.4