UK wage growth data falls below expectations in February
ONS warns figures are ‘likely to be revised when more data is received next month’
ONS warns figures are ‘likely to be revised when more data is received next month’
Mixed data ‘muddies the waters’ for the Bank of England
60 basis points below the ONS’s growth figures released last month
Markets are still expecting the Bank to strike a more dovish tone in 2024
Pay growth, excluding bonuses, further eased to 7.3% in October
Wage growth excluding bonuses eased to 7.7%
7.8% increase between June and August
Joblessness edged up by 0.1% in August to 4.3%
Signs the cost-of-living crisis is beginning to ease, though a September rate rise looks ‘bolted on’