Average Earnings Excluding Bonus (3Mo/Yr)

The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

Most recent - Thursday 18 July 2024 06:00

Previous
6%
Revised
-
Forecast
5.7%
Actual
5.7%

Trading range

Forecast history

The most recent announced value for Average Earnings Excluding Bonus (3Mo/Yr) was 5.7% against a forecast of 5.7%.

Past events

Date
Forecast
Actual
Thursday 18 July 2024 06:00
5.7%
5.7%
Tuesday 11 June 2024 06:00
6%
6%
Tuesday 14 May 2024 06:00
-
6%
Tuesday 16 April 2024 06:00
-
6%
Tuesday 12 March 2024 07:00
6.2%
6.1%
Tuesday 13 February 2024 07:00
6%
6.2%
Tuesday 16 January 2024 07:00
6.6%
6.6%
Tuesday 12 December 2023 07:00
7.4%
7.3%
Tuesday 14 November 2023 07:00
7.7%
7.7%
Tuesday 17 October 2023 06:00
7.8%
7.8%
Tuesday 12 September 2023 06:00
7.8%
7.8%
Tuesday 15 August 2023 06:00
7.4%
7.8%
Tuesday 11 July 2023 06:00
7.1%
7.3%
Tuesday 13 June 2023 06:00
6.9%
7.2%
Tuesday 16 May 2023 06:00
6.8%
6.7%
Tuesday 18 April 2023 06:00
6.2%
6.6%
Tuesday 14 March 2023 07:00
6.6%
6.5%
Tuesday 14 February 2023 07:00
6.5%
6.7%
Tuesday 17 January 2023 07:00
6.3%
6.4%
Tuesday 13 December 2022 07:00
5.9%
6.1%
Tuesday 15 November 2022 07:00
5.6%
5.7%
Tuesday 11 October 2022 06:00
5.3%
5.4%
Tuesday 13 September 2022 06:00
5%
5.2%
Tuesday 16 August 2022 06:00
4.5%
4.7%
Tuesday 19 July 2022 06:00
4.3%
4.3%
Tuesday 14 June 2022 06:00
4%
4.2%
Tuesday 17 May 2022 06:00
4.2%
4.2%
Tuesday 12 April 2022 06:00
4%
4%
Tuesday 15 March 2022 07:00
3.7%
3.8%
Tuesday 15 February 2022 07:00
3.6%
3.7%
Tuesday 18 January 2022 07:00
3.8%
3.8%
Tuesday 14 December 2021 07:00
4%
4.3%
Tuesday 16 November 2021 07:00
5%
4.9%
Tuesday 12 October 2021 06:00
5.9%
6%
Tuesday 14 September 2021 06:00
6.8%
6.8%
Tuesday 17 August 2021 06:00
7.4%
7.4%

Economic context

Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next Average Earnings Excluding Bonus (3Mo/Yr) result:

PreviousLatest
30-y Bond AuctionBearish change4.43%4.636%
S&P Global/CIPS Composite PMIBullish change52.352.7
S&P Global/CIPS Manufacturing PMIBullish change50.951.8
S&P Global/CIPS Services PMIBullish change52.152.4
Retail Sales (MoM)Bearish change2.9%-1.2%
Retail Sales (YoY)Bearish change1.7%-0.2%
Retail Sales ex-Fuel (MoM)Bearish change2.9%-1.5%
Retail Sales ex-Fuel (YoY)Bearish change1.6%-0.8%
GfK Consumer ConfidenceBullish change-14-13
Average Earnings Including Bonus (3Mo/Yr)Bearish change5.9%5.7%
Claimant Count ChangeBullish change51.9K32.3K
Claimant Count RateBearish change4.3%4.4%
Employment ChangeBullish change-140K19K
ILO Unemployment Rate (3M)(no change)4.4%4.4%
Consumer Price Index (MoM)Bearish change0.3%0.1%
Consumer Price Index (YoY)(no change)2%2%
Core Consumer Price Index (YoY)(no change)3.5%3.5%
PPI Core Output (MoM) n.s.aBearish change0.2%0.1%
PPI Core Output (YoY) n.s.a Bullish change1%1.1%
Producer Price Index - Output (MoM) n.s.aBearish change0%-0.3%
Producer Price Index - Output (YoY) n.s.aBearish change1.7%1.4%
Retail Price Index (MoM)Bearish change0.4%0.2%
Retail Price Index (YoY)Bearish change3%2.9%

About Average Earnings Excluding Bonus (3Mo/Yr)

Country:United Kingdom
Currency:GBP
Source:Office for National Statistics
Category:Labor Market
Frequency:Monthly
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