| Indicator | Value |
|---|---|
| Forecast | 3.9% |
| Previous | 4.2% |
The Average Earnings Index 3m/y is an indicator that measures changes in wages in the United Kingdom over the last three months compared to the previous year. An increase in this indicator may suggest rising inflationary pressures, which is significant for the monetary policy of the Bank of England. Changes in wages have a direct impact on consumer spending and the overall state of the economy.
Watchlist: DXY reaction, UST yields, credit spreads
Related Topics
Related Analysis
Further Reading
- Foreign Exchange Market — Bank for International Settlements
- Understanding Inflation — Investopedia
