It’s back to ‘business as usual’ this month, with earnings pushing back towards pre-Christmas levels after their seasonal January dip. And more importantly in terms of the general trend, February’s earnings are up four per cent year-on-year.
“The monthly rise across all regions averages out at about ten per cent, which is equivalent to almost £90 a week,” says Hudson Contract Managing Director Ian Anfield. “That’s significant, and higher than we anticipated, given that Storm Doris wiped out work on so many sites during February. Firms seem to be shrugging off their post-Brexit uncertainties and moving forward with increased confidence.”
|Region||February 2017 Average||Change from January 2017|
|Yorkshire & Humber||£767.00||+8.87%|
|East of England||£914.00||+9.63%|
To view our interactive pay trends map click here
Nationally this month’s winners are:
Only plastering is showing a decrease nationally this month and then only fractionally at less than one per cent or £6.00 per week.
Looking at the wider perspective, the latest Markit/CIPS survey echoes Hudson Contract’s latest data. The ‘Confidence Index’ remains in positive territory, with output increasing slightly due to an upturn in the civil engineering sector.
Hudson Contract’s ‘Window on the Construction Industry’ gives you hard figures and data that is not available from any other source, with pay averages that reflect the amounts paid by a sample number of businesses – large and small – to specific trades during February 2017.