United Kingdom Average Weekly Wages in Manufacturing - Forecast

Wages in Manufacturing in the United Kingdom is expected to be 601.00 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 607.00 in 12 months time. In the long-term, the United Kingdom Average Weekly Wages in Manufacturing is projected to trend around 619.00 GBP/Week in 2020, according to our econometric models.


Forecast Data Chart
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United Kingdom Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4 4.1 4.2 4.4 4.5 5.1
Employed Persons 32397 32280 32290 32320 32340 32700
Unemployed Persons 919 849 855 866 870 885
Part Time Employment 8538 8730 8760 8800 8820 8960
Full Time Employment 23859 23660 23670 23740 23760 23990
Employment Rate 75.5 75.5 75.2 75.2 75.1 74.6
Claimant Count Change 8.7 9 10 5 7 6
Labor Force Participation Rate 78.8 79.6 80 79.9 79.9 81
Long Term Unemployment Rate 1.1 1.4 1.5 1.5 1.6 2
Youth Unemployment Rate 11 11 11.2 11.3 11.5 11.9
Productivity 102 104 104 105 105 108
Labour Costs 104 106 106 106 107 110
Job Vacancies 833 820 816 811 805 792
Wages 520 520 522 524 526 539
Wage Growth 2.6 3.2 3.3 3.4 3.6 3.2
Wages in Manufacturing 603 601 603 605 607 619
Minimum Wages 7.83 7.83 7.83 8 8 8.5
Population 66.19 66.19 66.19 66.36 66.36 66.98
Retirement Age Women 65 65 65 65.5 65.5 66
Retirement Age Men 65 65 65 65.5 65.5 66
Living Wage Family 1280 1350 1350 1440 1440 1520
Living Wage Individual 970 1170 1170 1290 1290 1370
Wages Low Skilled 1330 1350 1350 1450 1450 1550
Wages High Skilled 2210 2360 2360 2410 2410 2490
Average Weekly Hours 31.9 32.2 32.2 32.2 32.3 32.3
Employment Change 3 -64 150 100 85 110