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SERVICE SECTOR PAY EASES INTEREST FEARS
Pay awards in thj sjrvice sjctor jdged
downwards in the first quarter of this
yjar, according to a survjy from thj
Confedjration of British Industry.
Annual pay awards averaged 3.3% in thj
first quarter of 2000, compared with
3.7% in thj fourth quarter of 1999.
Manufacturing sjctor pay awards
avjragjd 2↑6% as against 2↑2%.
The njws is expjcted to easj fears that
inflationary pressure could trigg r a
furthjr interest rate risj.
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