United Kingdom Average Weekly Wages in Manufacturing  Forecast


United Kingdom Average Weekly Wages in Manufacturing
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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 Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4.3 4.5 4.4 4.4 4.3 4.7
Employed Persons 30877 31200 31450 31500 31750 32800
Unemployed Persons 806 808 810 811 812 829
Part Time Employment 8541 8620 8670 8700 8730 8960
Full Time Employment 23517 23590 23610 23640 23660 23990
Employment Rate 75 75.6 75.7 75.6 75.5 74.6
Claimant Count Change 1.1 12 16 11 9 6
Labor Force Participation Rate 78.4 79 79.2 79.4 79.6 82
Long Term Unemployment Rate 1.1 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 101 104 105 105 106 110
Job Vacancies 780 783 784 785 786 792
Wages 509 508 510 512 514 532
Wage Growth 2.2 2.2 2.3 2.3 2.4 2.8
Wages in Manufacturing 590 589 591 593 595 614
Minimum Wages 7.5 7.5 7.5 7.83 7.83 8.5
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
Living Wage Family 1280 1240 1290 1290 1290 1520
Living Wage Individual 970 1120 1170 1170 1170 1470
Wages High Skilled 2210 2290 2310 2310 2310 2490
Wages Low Skilled 1330 1300 1310 1310 1310 1550
Average Weekly Hours 32.1 32.2 32.2 32.2 32.2 32.3
Employment Change 0 0.5 0.5 0.5 0.4 0.4