Forex Fundamentals
UK Average Earnings

UK Average Earnings 14 February 2023

UK Average Earnings 14 February 2023: 5.9% for December 2022, below the 6.2% forecast and against 6.5% in November 2022 (first reported as 6.4%). It is the lowest reading since July 2022. 4 of the last 12 releases came in below the forecast. It was released on Tue 14 Feb 2023 at 07:00 UTC.

These figures were verified on 4 Oct 2026 from the source: Office for National Statistics. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
5.9%
December 2022
Forecast
6.2%
The market consensus
Previous
6.5%
As the source gives it

What a print like this usually does

Below the forecast: A miss can weigh on sterling if it suggests pay growth is cooling, especially when the ex-bonus measure also slows.

UK Average Earnings 14 February 2023: 5.9% for December 2022 against a 6.2% forecast, with the last 12 releases
Sharing this? Please link to this page as the source.Download the chart

Cite this release

If you cite this release, please link to this page:

UK Average Earnings 14 February 2023: 5.9% vs 6.2% forecast (Office for National Statistics). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/uk-average-earnings/2023-02-14

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
14 Feb 2023Dec5.9%6.2%6.5%
17 Jan 2023Nov6.4%6.2%6.2%
13 Dec 2022Oct6.1%6.2%6.0%
15 Nov 2022Sep6%5.9%6.1%
11 Oct 2022Aug6%5.9%5.5%
13 Sep 2022Jul5.5%5.4%5.2%
16 Aug 2022Jun5.1%4.5%6.4%
19 Jul 2022May6.2%6.7%6.8%
14 Jun 2022Apr6.8%7.6%7%
17 May 2022Mar7%5.4%5.6%
12 Apr 2022Feb5.4%5.4%4.8%
15 Mar 2022Jan4.8%4.6%4.6%
The release before:UK Average Earnings 17 January 2023The release after:UK Average Earnings 14 March 2023UK Average Earnings: every recent resultThis week’s economic calendar