Business Salaries of Workers in Manufacturing Sector Rising Faster than Counterparts- Survey



Wages in the manufacturing sector are rising faster than most other parts of the economy, a survey has suggested.

Engineering and manufacturing employers' organisation EEF found that pay rose by 2.6% over the past year while wages have been stagnant or falling in other industries.

EEF, which represents a quarter of Britain's manufacturers, said wage inflation in its sector had risen from 2.4% last year.

This estimate according to the #BBC, compared favourably with the latest official figures which showed wages in the wider economy had fallen by 0.2% over the past three months.

"Manufacturing pay continues to run ahead of the wider economy with signs that the pressure on household budgets, at least for employees in industry, is starting to unwind." #EEF chief economist Lee Hopley said.

"After many challenging years, manufacturers are also now literally paying their employees back for their support to keep jobs and businesses going.

The study was based on 331 companies, employing 68,000 workers. The latest RPI inflation figure is 2.5%.


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