Manufacturing pay settlements have edged up slightly to 2.8%, according to the latest figures from EEF, the manufacturers’ organisation.
The average level of pay settlements for the three months to the end of April 2005 rose slightly, to 2.8%, from the reported figure for the previous three-month period of 2.7%.
However, some additional settlements for this latter period that have just been reported meant that this figure has now been revised upwards to 2.8%.
During the three-month period to the end of April 2005 the number of companies reporting that they had frozen pay rose slightly to just over 6% of all settlements and the number reporting that they had deferred their pay settlement also rose to just under 4% of all settlements.
However, David Yeandle, EEF deputy director of employment policy, warned that in general there continued to be no sign that wage inflationary pressures were building up in this sector.