Index of straight-time average hourly earnings for selected shipyards for steel vessel construction, including lump sum payments, May 1987=100

MONTH	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000
January		99.7	100.7	102.1	102.8	108.8	114.0	120.2	124.0	127.7	130.2	132.2	133.1	140.1
February		99.0	100.6	102.1	103.1	108.9	114.6	120.9	125.0	128.6	130.1	131.7	132.9	139.9
March		98.9	100.8	102.2	103.0	109.2	115.0	120.8	125.7	128.2	129.8	131.5	133.1	140.1
April		98.4	100.3	101.9	104.4	109.3	115.1	120.5	125.6	128.4	130.2	132.0	132.2	139.9
May	100.0	98.3	100.9	102.2	104.5	109.9	115.9	120.6	125.6	128.4	130.5	131.4	132.0	140.7
June	100.9	98.4	100.8	101.4	104.8	110.2	116.1	120.9	125.6	128.1	130.4	131.8	134.0	141.8
July	101.3	97.9	101.0	101.1	106.0	111.2	116.3	121.3	126.3	128.4	130.7	132.5	134.3	141.0
August	100.8	98.5	101.6	101.3	106.5	111.9	116.7	122.2	127.1	128.2	129.9	132.2	136.2	143.5
September	100.7	98.9	102.2	101.7	106.9	112.3	117.3	122.3	126.9	129.0	130.4	132.1	136.6	143.5
October	100.2	99.0	101.9	102.3	107.4	112.7	118.0	123.9	127.6	129.3	130.7	132.7	137.1	145.2
November	99.7	100.4	101.8	102.1	107.6	113.2	117.4	123.5	127.4	128.8	130.2	131.5	137.4	145.4
December	100.0	100.0	101.9	102.4	107.6	113.1	118.5	123.0	127.8	129.0	130.1	131.4	138.0	147.8

MONTH	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014
January	146.6	151.0	152.4	160.1	165.0	171.8	179.2	186.1	196.0	202.9	211.8	215.0	218.3	223.6
February	146.6	152.5	153.1	160.3	165.5	173.1	179.6	187.8	195.9	203.7	210.2	217.5	220.5	224.2
March	146.9	151.5	155.3	160.7	165.9	174.6	182.1	190.1	199.0	205.4	208.4	218.8	224.3	226.3
April	145.9	151.9	156.8	160.5	166.0	174.4	184.1	190.2	197.0	203.8	209.3	218.7	224.6	225.7
May	146.1	151.6	156.9	159.6	165.9	174.7	183.7	190.2	198.6	205.8	210.1	221.1	225.8	229.4
June	145.9	151.3	156.1	160.4	166.2	174.9	183.7	190.0	198.3	205.8	211.4	219.5	223.1	227.3
July	145.3	151.6	156.8	161.9	168.0	174.4	183.8	190.0	199.5	206.6	210.6	219.8	222.8	225.2
August	146.1	150.9	158.0	161.4	168.1	176.3	184.6	190.4	199.1	206.1	210.3	218.0	220.9	227.0
September	145.9	151.4	157.5	162.7	168.8	177.4	185.5	191.8	199.4	205.3	209.5	220.1	223.3	227.8
October	146.5	152.2	159.4	163.5	169.8	177.7	187.3	191.7	199.0	205.9	211.2	220.1	224.4	229.1
November	147.6	151.8	158.7	163.5	171.2	178.2	188.2	195.0	200.8	207.6	212.3	223.3	221.9	227.1
December	147.3	152.5	159.3	163.5	171.7	178.4	187.9	195.2	202.5	207.1	212.6	221.0	223.3	227.5

MONTH	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
January	229.0	234.0	241.3	244.6	249.4	251.0	261.5	263.8	270.8	276.8	286.2	321.4
February	232.8	237.4	243.0	244.2	248.8	250.9	259.7	263.9	273.9	276.6	292.6
March	232.4	239.2	245.3	248.4	248.0	256.8	258.8	263.8	272.1	282.2	295.2
April	232.8	237.6	243.5	247.2	248.5	258.0	258.2	269.7	272.5	282.9	295.5
May	232.8	236.9	242.8	245.2	246.9	259.3	262.3	270.7	273.2	285.6	298.9
June	233.9	237.1	240.8	246.5	248.0	258.5	260.7	271.6	274.5	282.1	309.2
July	231.0	240.3	242.3	245.2	246.8	258.4	265.2	271.7	271.9	281.6	317.3
August	232.6	240.1	245.9	249.2	249.1	257.0	261.1	270.6	270.4	280.8	321.8
September	232.7	242.5	244.2	249.8	249.5	255.2	259.2	268.5	274.3	285.3	322.3 (c)
October	235.1	241.8	245.7	248.4	247.2	254.0	261.8	270.6	274.2	288.3	325.1
November	233.5	242.2	243.3	246.2	250.6	259.0	263.2	271.7	277.1	285.7	321.1
December	235.7	242.7	248.5	251.3	251.7	260.9	263.8	273.4	274.2	285.4	321.9

Note: The index value for September 2025 was revised due to the receipt of corrected sample reports.

(c): indicates corrected data

 

Last Modified Date: April 3, 2026