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Take Home Pay Index Economic Report - November 2015

10 November 2015

Take Home Pay Index Economic Report - November 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, remained steady at 2.3% in the three months to the end of October 2015. While the upward trend in take home pay growth appears to have stalled, the rate remains well above the 1.6% recorded in the same period a year ago.

Key findings

  • Annual growth in the VocaLink FTSE 350 Take Home Pay Index remained unchanged at 2.3% in the three months to the end of October

  • Take home pay growth in the manufacturing sector recovered into positive territory in the three months to the end of October, hitting 0.5% compared with the -0.1% recorded in the previous reading

  • The annual rate of growth in the VocaLink Service Sector Take Home Pay Index dropped marginally to 2.5% compared with the 2.6% recorded in the three months to the end of September

  • Public sector workers’ take home pay growth also fell marginally to 1.5% in the three months to the end of October, down from the 1.6% recorded in the previous reading. 

Click here to download the report. 

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