An indicator for earnings growth. The data excludes bonuses, which might distort overall earnings growth. A strong Average Earnings Increase figure suggests a wealthier consumer population, which leads to increased demand and consumption. Because economic growth is partly fueled by consumer spending, a high Average Earnings Increase may also raise concerns about inflation. The headline figure is the annualized percent change in earnings for the reporting quarter.

The report tends to be insignificant, compared to boarder employment figures released at the same time. But sharp deviations from expected figures have been known affect the market.

Recent Figures and Analysis into UK Average Earnings from DailyFX.com

Relevance: Rarely affects markets
Release schedule : 8:30 (GMT); Quarterly
Source of report : U.K. Office of National Statistics
Web Address : http://www.statistics.gov.uk/
Address of release : http://www.statistics.gov.uk/instantfigures.asp
Refer > Labour Market

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