MNI Test 3, Please Ignore

MNI BRIEF: China Limits, Tightens IPO To Boost Listing Quality

MNI BRIEF: China February New Loans, TSF Pull Back Sharply

MNI BRIEF: China To Strengthen Shareholding Reduction Rules

MNI BRIEF: Net MLF Drain Not Sign Of Tight Liquidity - Paper

MNI: PBOC Conducts CNY387 Bln MLF Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 629; OIL RIGS 510; GAS RIGS 116

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

Bond Supply Calendar: EU Synd W/C 18-Mar; SK, BE, BoE APF Ops Mon

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Earnings Growth Stagnates; Low CPI Lifts....>

UK DATA
UK DATA: Earnings Growth Stagnates; Low CPI Lifts Real Wages
- UK Sept-Nov total earnings +3.2%, unchanged from Aug-Oct
- UK Sept-Nov ex-bonus earnings +3.4% vs +3.5% Aug-Oct
- UK Sept-Nov real total earnings +1.6% vs +1.5% Aug-Oct
- UK Sept-Nov real ex-bonus earnings +1.8%, unchanged from Aug-Oct
-----------------------------------------------------------------------
Robust job growth failed to lift real earnings in the 3 mos to Nov, with 
many of the newly-created jobs coming from self employment and in 
relatively-lower-paid administrative service jobs. However, declining 
infln could continue to support real earnings. Infln-adjusted earnings, 
incl bonuses, rose slightly in the 3 mos to Nov, and could increase 
further in Dec, with CPIH (the inflation measure used to discount 
earnings) falling to 1.4%, slightly above the 1.3% rate of CPI. The 
BOE's MPC acknowledged weakening pay growth at the Dec meet, attributing 
wage slow down to an unwind of temporary factors over the summer, 
specifically the "occupational mix of the work force" at the time.  
MarketsFixed Income BulletsForeign Exchange Bullets
MarketsFixed Income BulletsForeign Exchange Bullets
To read the full story
Close
Why MNI
MNI is the leading provider
 of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.