Take-home pay growth inches up in November

LONDON (Reuters) - Take-home pay inched up in November for the first time since July, although pay growth in manufacturing and services declined, a survey showed on Wednesday.

Pay processors Voca said its take-home pay index rose to 3.5 percent in November from 3.4 percent in October.

"Wage growth is typically quite resilient in a downturn, particularly when starting from low levels, as employees strongly resist falling pay in cash terms," Voca said. Pay growth in manufacturing eased to 2.3 percent in November from 2.4 percent in October, while pay growth in the services sector fell to 3.9 percent from 4.1 percent, Voca said.