News
Pay Bargaining Stats - November 2009
Key stats for November 2009
Inflation
Headline inflation
- Retail prices index (RPI): -0.8% (October 2009)
- Next release date: 15 December 2009
Underlying inflation
- Retail prices index excluding mortgage interest payments (RPIX): 1.9% (October 2009)
- Next release date: 15 December 2009
Consumer prices
- Consumer prices index (CPI): 1.5% (October 2009)
- Next release date: 15 December 2009
Inflation forecasts
- Q4 2009: average -0.5%; Q1 2010: average 2.1%
- Next release date: 18 December 2009
Pay Settlements - Summary
IRS headline pay measure
- IRS headline measure of pay settlements for the three months ending 31 October 2009: 1.2%
- Next release date: 18 December 2009
Engineering and manufacturing (EEF)
- Average settlements for three months ending 31 October 2009: 0.4%
- Next release date: 18 December 2009
Manufacturing and services (LRD)
- Median settlement levels for three months ending 31 October 2009: 1.4% (manufacturing); 2.5% (services)
- Next release date: 18 December 2009
Pay Settlements - More Detail
(IRS) Industrial Relations Service
The IRS measure of pay awards - the midpoint in the range of basic pay deals - stands at 1.2% in the three months to 31 October 2009, according to the latest analysis
The inter-quartile range stands between nil and 2.3%.
(EEF) Engineering Employers Federation
Pay awards in engineering and manufacturing companies averaged 0.4% for the three months to October 2009, according to EEF, the manufacturers' organisation. This was up on the figure for the previous rolling quarter.
Source: EEF (external website), the manufacturers' organisation, November 2009
(LRD) Labour Research Department
Latest manufacturing and service figures from the Labour Research Department (LRD) reveal that the median pay settlement level recorded on the LRD PayLine database is 2% for the three months to October 2009. Broken down by industry sector, the median settlement level for the service sector is 2.5%, while the manufacturing median is 1.4%.
Source: LRD PayLine Database (external website), November 2009.
