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Average Earnings Including Bonus (3Mo/Yr)

The Average Earing Including Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. 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 - Tuesday 16 May 2023 06:00

Previous
5.9%
Revised
5.8%
Forecast
5.1%
Actual
5.8%

Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.

Next event - Tuesday 13 June 2023 06:00

Previous
5.8%
Forecast
6.1%
Actual
-

The typical/expected impact on GBP pairs is medium.

The consensus forecast for Average Earnings Including Bonus (3Mo/Yr) is 6.1%. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.

Trading range

Forecast history

The most recent announced value for Average Earnings Including Bonus (3Mo/Yr) was 5.8% against a forecast of 5.1%.

Past events

Date
Forecast
Actual
Tuesday 16 May 2023 06:00
5.1%
5.8%
Tuesday 18 April 2023 06:00
5.1%
5.9%
Tuesday 14 March 2023 07:00
5.7%
5.7%
Tuesday 14 February 2023 07:00
6.2%
5.9%
Tuesday 17 January 2023 07:00
6.1%
6.4%
Tuesday 13 December 2022 07:00
6.2%
6.1%
Tuesday 15 November 2022 07:00
6%
6%
Tuesday 11 October 2022 06:00
5.9%
6%
Tuesday 13 September 2022 06:00
5.2%
5.5%
Tuesday 16 August 2022 06:00
4.5%
5.1%
Tuesday 19 July 2022 06:00
6.9%
6.2%
Tuesday 14 June 2022 06:00
7.6%
6.8%
Tuesday 17 May 2022 06:00
5.4%
7%
Tuesday 12 April 2022 06:00
5.4%
5.4%
Tuesday 15 March 2022 07:00
4.6%
4.8%
Tuesday 15 February 2022 07:00
3.9%
4.3%
Tuesday 18 January 2022 07:00
4.2%
4.2%
Tuesday 14 December 2021 07:00
4.5%
4.9%
Tuesday 16 November 2021 07:00
5.6%
5.8%
Tuesday 12 October 2021 06:00
7%
7.2%
Tuesday 14 September 2021 06:00
8.2%
8.3%
Tuesday 17 August 2021 06:00
8.7%
8.8%
Thursday 15 July 2021 06:00
7.2%
7.3%
Tuesday 15 June 2021 06:00
4.9%
5.6%
Tuesday 18 May 2021 06:00
4.6%
4%
Tuesday 20 April 2021 06:00
4.8%
4.5%
Tuesday 23 March 2021 07:00
4.9%
4.8%
Tuesday 23 February 2021 07:00
4.2%
4.7%
Tuesday 26 January 2021 07:00
2.9%
3.6%
Tuesday 15 December 2020 07:00
2.2%
2.7%
Tuesday 10 November 2020 07:00
1.1%
1.3%
Tuesday 13 October 2020 06:00
-0.5%
0%
Tuesday 15 September 2020 06:00
-1.3%
-1%
Tuesday 11 August 2020 06:00
-1.1%
-1.2%
Thursday 16 July 2020 06:00
-0.4%
-0.3%
Tuesday 16 June 2020 06:00
1.4%
1%

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 Including Bonus (3Mo/Yr) result:

PreviousLatest
S&P Global/CIPS Manufacturing PMIBullish change46.947.1
Retail Sales (MoM)Bullish change-1.2%0.5%
Retail Sales (YoY)Bullish change-3.9%-3%
Retail Sales ex-Fuel (MoM)Bullish change-1.4%0.8%
Retail Sales ex-Fuel (YoY)Bullish change-4%-2.6%
Consumer Price Index (MoM)Bullish change0.8%1.2%
Consumer Price Index (YoY)Bearish change10.1%8.7%
Core Consumer Price Index (YoY)Bullish change6.2%6.8%
PPI Core Output (MoM) n.s.aBearish change0.3%0%
PPI Core Output (YoY) n.s.a Bearish change8.3%6%
Retail Price Index (MoM)Bullish change0.7%1.5%
Retail Price Index (YoY)Bearish change13.5%11.4%
S&P Global/CIPS Composite PMIBearish change54.953.9
S&P Global/CIPS Manufacturing PMIBearish change47.846.9
S&P Global/CIPS Services PMIBearish change55.955.1

About Average Earnings Including Bonus (3Mo/Yr)

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