10 November 2015
Take Home Pay Index Economic Report - November 2015
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.
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.