Penta-informed Oxford Economics report suggests momentum in UK wage growth

• Our shared data also suggests that despite weak UK GDP growth, employment growth has remained strong.
• The UK labor market has seen significant improvement recently which, as inflation falls back, likely reflects improving real wages.
• Despite monetary tightening, sentiment has also been improving in the labor market, of which a contributory factor may have been the rise of strike action and the resulting improvements in pay conditions.

Read the full report here

Penta and Oxford Economics’ partnership delivers real-time sentiment data that exhibits changes in market sentiment. Learn more about how Penta’s cutting-edge intelligence techniques and industry expertise can deliver actionable insights and drive measurable impact for your business here.