United Kingdom Average Weekly Wages in Manufacturing  Forecast 2016-2020

Wages in Manufacturing in the United Kingdom is expected to be 591.00 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 636.00 GBP/Week in 2020, according to our econometric models.

United Kingdom Average Weekly Wages in Manufacturing
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Forecast Actual Q1/17 Q2/17 Q3/17 Q4/17 2020 Unit
Wages in Manufacturing 589 591 593 595 595 636 GBP/Week
United Kingdom Average Weekly Wages in Manufacturing Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of United Kingdom Average Weekly Wages in Manufacturing using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - United Kingdom Average Weekly Wages in Manufacturing - was last predicted on Saturday, March 25, 2017.
United Kingdom Labour Last Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 4.7 5.1 5.2 5.3 5.4 6.2
Employed Persons 30645 30830 30890 30940 31200 31800
Unemployed Persons 735 782 787 792 794 815
Part Time Employment 8516 8580 8590 8600 8620 8960
Full Time Employment 23338 23450 23500 23550 23590 23900
Employment Rate 74.6 74.6 74.7 74.6 74.5 74.1
Claimant Count Change -11.3 -4 2 5 2 6
Labor Force Participation Rate 78.4 78.4 78.5 78.7 79 82
Long Term Unemployment Rate 1.3 1.4 1.4 1.5 1.6 2
Youth Unemployment Rate 12.1 13.6 13.7 13.8 14 14.6
Labour Costs 103 103 104 104 105 110
Productivity 102 103 103 104 104 110
Job Vacancies 757 775 778 780 783 792
Wages 507 508 511 512 515 541
Wages in Manufacturing 589 591 593 595 595 636
Wage Growth 2.2 3 3.2 3 2.9 2.5
Minimum Wages 7.2 7.2 7.5 7.5 7.5 9
Population 65.38 65.72 65.85 65.92 66.03 67.36
Retirement Age Women 63.5 63.5 63.5 64 64 66
Retirement Age Men 65 65 65 65 65 66
Wages Low Skilled 1190 1250 1250 1300 1300 1550
Wages High Skilled 2140 2260 2260 2290 2290 2490
Living Wage Family 1152 1400 1400 1133 1440 1720
Living Wage Individual 1044 940 940 1101 980 1370
Average Weekly Hours 32.3 32.2 32.2 32.2 32.2 32.3
Employment Change 0.2 0.3 0.4 0.4 0.5 0.4