Article 3BSTF UK economy boosted by wage growth and rising output, two surveys say

UK economy boosted by wage growth and rising output, two surveys say

by
Richard Partington Economics correspondent
from on (#3BSTF)

Adzuna study reports modest rise in average salary for job vacancies while CBI survey shows growth in economic output

The British economy has received a double boost from reports showing signs of modest wage growth and accelerating output from businesses.

According to a study by the jobs search engine Adzuna, the average salary for vacancies advertised online in November was 1.2% higher than the same month a year before - the first annual increase recorded by the website since June 2015. Meanwhile, a survey by the business group the CBI found firms reporting a rise in economic output.

Related: World's richest 500 see their wealth increase by $1tn this year

Related: UK's Christmas workers earning less than 10 years ago, study shows

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