UK average earnings excluding bonuses rose 3.4% in the three months to May versus a year earlier, matching expectations. The reading keeps pay growth steady on an annual basis over a rolling three-month period.
Focus On Regular Pay
The measure focuses on regular pay and strips out bonuses, offering a clearer view of underlying wage trends.
Alignment With Forecasts
The May outcome aligns with consensus forecasts at 3.4%, providing a consistent data point for wage pressures without indicating a deviation from the expected trajectory.
