United Kingdom Average Weekly Wages

Wages in the United Kingdom remained unchanged at 479 GBP in January of 2014 from 479 GBP in December of 2013. Wages in the United Kingdom is reported by the Office for National Statistics. Wages in the United Kingdom averaged 406.97 GBP from 2000 until 2014, reaching an all time high of 485 GBP in April of 2013 and a record low of 306 GBP in February of 2000. In the United Kingdom, wages are benchmarked using the average weekly earnings. This page provides - United Kingdom Average Weekly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
479.00 479.00 485.00 306.00 479.45 | 2014/02 2000 - 2014 GBP Monthly
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United Kingdom Average  Weekly Wages
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Labour Last Previous Highest Lowest Forecast Unit
Population 63.26 2012-12-31 62.52 63.26 52.37 64.05 2013-12-31 Million [+]
Unemployment Rate 6.90 2014-02-28 7.20 12.00 3.40 7.10 2014-03-31 Percent [+]
Long Term Unemployment Rate 2.70 2013-09-30 2.80 4.30 0.90 2.77 2013-12-31 percent [+]
Claimant Count Change -30.40 2014-03-15 -37.00 142.80 -98.50 -41.93 2014-04-30 Thousand [+]
Employed Persons 29151.00 2013-12-31 29084.00 29151.00 23187.00 29211.51 2014-01-31 Thousand [+]
Job Vacancies 588.00 2014-01-15 579.00 694.00 430.00 595.30 2014-02-28 Thousand [+]
Labour Costs 104.80 2013-11-15 105.00 105.70 6.00 105.43 2014-03-31 Index Points [+]
Productivity 100.50 2013-11-15 100.30 105.00 32.90 100.78 2014-03-31 Index Points [+]
Unemployed Persons 1174.80 2014-02-15 1209.40 3090.00 422.60 1143.12 2014-03-31 Thousand [+]
Wages 479.00 2014-01-15 479.00 485.00 306.00 479.45 2014-02-28 GBP [+]
Wages in Manufacturing 564.00 2014-01-15 561.00 564.00 362.00 564.60 2014-02-28 GBP [+]
Youth Unemployment Rate 19.70 2013-12-15 19.80 22.20 9.70 20.05 2014-01-31 Percent [+]
Retirement Age Men 65.00 2013-01-01 65.00 65.00 65.00 65.00 2013-12-31 [+]
Retirement Age Women 61.50 2013-01-01 61.00 61.50 60.00 61.54 2013-12-31 [+]
Minimum Wages 1189.90 2013-12-31 1264.30 1315.00 902.00 1205.29 2014-01-31 EUR [+]
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RELATED NEWS

UK Unemployment Rate Down to 5-Year Low  
In the three months to February of 2014, UK jobless rate fell to 6.9 percent, down from 7.2 percent in the previous period. Pay growth rose 1.7 percent and caught up with inflation for the first time in nearly four years.
UK Inflation Rate Slows Further in March  
UK annual consumer prices fell to its lowest in over four year in March of 2014. The inflation rate decelerated for the sixth consecutive month to 1.6 percent, down from 1.7 percent in February, due to lower fuel, clothing and furniture prices.
BoE Leaves Rate Steady  
At its April 10th, 2014 meeting, Bank of England decided to leave the benchmark interest rate on hold at 0.5 percent and the size of its asset purchase programme unchanged at £375 billion, as widely expected.
UK Trade Deficit Narrows in February  
Britain’s goods and services trade gap decreased to £ 2.06 billion in February of 2014, down from a revised £ 2.2 billion deficit in the previous month, as both exports and imports fell.
UK Economy Advances 1.7% in 2013  
The UK GDP expanded at its fastest pace in three years in 2013. Final estimates showed the economy advanced 1.7 percent, compared with a meager 0.3 percent expansion in 2012. Between Q4 2012 and Q4 2013, the GDP increased by 2.7 percent, unrevised from the previous estimate.
UK GDP Growth Confirmed at 0.7% in Q4  
UK economy advanced 0.7 percent quarter on quarter in the last three months of 2013, in line with previous estimates. Full-year GDP growth in 2013 was revised down to 1.7 percent from 1.8 percent recorded earlier.
UK Inflation Rate Slows to 4-Year Low  
In February of 2014, UK’s annual consumer prices eased to 1.7 percent, the lowest rate since October of 2009, dipping further below the Bank of England's target. The biggest downward contribution was transport cost, mainly fuel prices, which showed its biggest drop since September 2009.
UK Unemployment Rate Steady at 7.2%  
In the three months to January of 2014, UK jobless rate remained unchanged at 7.2 percent, after rising to that level in the three months to December of 2013. Claimant count decreased more than expected and average weekly earnings picked up.
UK Trade Deficit Widens 76% YoY in January  
UK’s trade deficit increased sharply to £ 2.56 billion in January of 2014, compared with a £ 1.45 billion gap a year earlier and a revised £ 0.66 billion deficit in December of 2013. Exports of goods and services fell to a 14-month low hurt by lower sales of aircraft and chemicals.
BoE Leaves Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee decided on March 6th 2014 to maintain the bank rate on hold at 0.5 percent, as widely expected. The stock of asset purchases was also left unchanged at 375 billion pounds.
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LATEST NEWS

Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
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