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GBP, Pound sterling

United Kingdom Average Weekly Earnings, regular pay (excl. Bonuses)

Country: United Kingdom
Sector: Labor
Low 2.1% 1.6%
2.2% Revised from 2.1%
Last release Importance Actual Forecast
Previous
1.8%
2.1%
Next release Actual Forecast
Previous

Average Weekly Earnings, regular pay is the main indicator of changes in average personal earnings excluding Bonuses. AWE is calculated monthly as the ratio of estimated total pay for the whole economy, divided by the total number of employees.

The calculation does not include self-employed, HM Armed Forces and government-supported trainees.

The indicator is used by the Bank of England and HM Treasury to measure the pressure being put on inflation by the labor market and to measure wages growth. A higher than expected reading should be taken as positive for the GBP.

Chart

History

Export
Date (GMT)
Reference
Actual
Forecast
Previous
Aug 2017
2.1%
1.6%
2.2% Revised from 2.1%
Jul 2017
2.1%
2.3%
2.1%
Jun 2017
2.1%
2.3%
2.0%
May 2017
2.0%
1.4%
1.8% Revised from 1.7%
Apr 2017
1.7%
1.8% Revised from 2.1%
Mar 2017
2.1%
2.2%
Feb 2017
2.2%
2.4% Revised from 2.3%
Jan 2017
2.3%
2.6%
Dec 2016
2.6%
2.7%
Nov 2016
2.7%
2.6%