Forex Fundamentals
UK Average Earnings

UK Average Earnings 11 July 2023

UK Average Earnings 11 July 2023: 6.9% for May 2023, above the 6.8% forecast and against 6.7% in April 2023 (first reported as 6.5%). It is the highest of the last 12 releases. It is the second release in a row above the forecast. It was released on Tue 11 Jul 2023 at 06:00 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
6.9%
May 2023
Forecast
6.8%
The market consensus
Previous
6.7%
As the source gives it

What a print like this usually does

Above the forecast: A clear beat can support sterling if it points to stronger wage pressure and a slower BoE easing path.

UK Average Earnings 11 July 2023: 6.9% for May 2023 against a 6.8% forecast, with the last 12 releases
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Cite this release

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

UK Average Earnings 11 July 2023: 6.9% vs 6.8% forecast (Office for National Statistics). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/uk-average-earnings/2023-07-11

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
11 Jul 2023May6.9%6.8%6.7%
13 Jun 2023Apr6.5%6.1%6.1%
16 May 2023Mar5.8%5.8%5.8%
18 Apr 2023Feb5.9%5.1%5.9%
14 Mar 2023Jan5.7%5.7%6%
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%
The release before:UK Average Earnings 13 June 2023The release after:UK Average Earnings 15 August 2023UK Average Earnings: every recent resultThis week’s economic calendar