CONNECT: Payments news from VocaLink
Close

SIGN UP TO CONNECT


Sign up to receive Vocalink Connect updates direct to your email

Contact permission

I agree that Vocalink may use my contact details to send me email marketing communications about all products and services. You are free to withdraw your consent at any time, free of charge. More information on Mastercard’s privacy practices and on your rights including withdrawing consent is available in the Vocalink Privacy Notice. By clicking Submit I understand that my personal data will be processed by Vocalink in the context of Vocalink products and services as described in the Privacy Notice.

Thank you


Thanks for subscribing to the VocaLink Connect newsletter

Take Home Pay Index Economic Report - August 2015

27 August 2015

Take Home Pay Index Economic Report - August 2015

 
Deborah Souter,
Head of Content,
VocaLink

Data released by VocaLink this month shows that the annual rate of take home pay growth across the UK private sector, as measured by the VocaLink FTSE350 Take Home Pay Index,rose to 2.3% in the three months to the end of July 2015. After over 6 months of take home pay growth fluctuating around 2%, the latest data represent the fastest rate since the three months to May 2014.

Key findings

  • Annual growth in the VocaLink FTSE 350 Take Home Pay Index rose to 2.3% in the three months to July, up from 1.9% in the three months to the end of June.

  • Take home pay growth in the manufacturing sector fell to -0.5% year-on-year in the three months to July, down from 0.5% in the three months to June.

  • The annual rate of growth in the VocaLink Service Sector Take Home Pay Index jumped to 2.7% in the three months to July, up from 2.1% in the previous reading.  

  • Public sector workers’ take home pay growth continued on a gradual upward trend, increasing 0.3 percentage points to 1.7% in the three months to July. 

Click here to download the report. 

Back to the top of the page