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Brighter pay prospects in the manufacturing sector

An improving global outlook and continued domestic expansion have resulted in a gentle upward pressure on settlement levels in key parts of UK manufacturing, although not all sectors have benefited from the upturn.


Key points

  • A review of 209 pay deals with effective dates between 1 September 2003 and 31 May 2004 reveals that the median value of the pay award is 3%, compared with 2.75% over the corresponding period last year.