The 'Average Earnings excl. Bonus (3Mo/Yr)' in the UK measures the change in the price businesses and the government pay for labor, excluding bonuses, over a three-month period compared to the same period a year earlier. It is a key indicator of wage inflation and consumer purchasing power, influencing monetary policy decisions by the Bank of England. Higher wage growth can signal economic strength but may also lead to inflationary pressures, impacting interest rates and financial markets. Investors and policymakers closely monitor this metric to assess economic health and potential inflation risks.
The 'Average Earnings excl. Bonus (3Mo/Yr)' in the UK measures the change in the price businesses and the government pay for labor, excluding bonuses, over a three-month period compared to the same period a year earlier. It is a key indicator of wage inflation and consumer purchasing power, influ...