Forex Fundamentals
UK Average Earnings

UK Average Earnings 12 December 2023

UK Average Earnings 12 December 2023: 7.2% for October 2023, below the 7.7% forecast and against 8% in September 2023 (first reported as 7.9%). It is the lowest reading since May 2023. 3 of the last 12 releases came in below the forecast. It was released on Tue 12 Dec 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
7.2%
October 2023
Forecast
7.7%
The market consensus
Previous
8%
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 12 December 2023: 7.2% for October 2023 against a 7.7% forecast, with the last 12 releases
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UK Average Earnings 12 December 2023: 7.2% vs 7.7% forecast (Office for National Statistics). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/uk-average-earnings/2023-12-12

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
12 Dec 2023Oct7.2%7.7%8%
14 Nov 2023Sep7.9%7.4%8.2%
17 Oct 2023Aug8.1%8.3%8.5%
12 Sep 2023Jul8.5%8.2%8.4%
15 Aug 2023Jun8.2%7.3%7.2%
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%
The release before:UK Average Earnings 14 November 2023The release after:UK Average Earnings 16 January 2024UK Average Earnings: every recent resultThis week’s economic calendar