Published: 11 October 2017

Wages and salaries sum grew by 1.3 per cent year-on-year in June to August

According to Statistics Finland, the wages and salaries sum of the whole economy was 1.3 per cent greater in the past June to August. In August alone, the wages and salaries sum of the whole economy increased by 2.8 per cent from one year ago. One year previously in June to August the wages and salaries sum increased by 1.5 per cent.

Year-on-year change in wages and salaries sum in the 06–08/2017 and 06/2016–08/2016 time periods, % (TOL 2008)

Year-on-year change in wages and salaries sum in the 06–08/2017 and 06/2016–08/2016 time periods, % (TOL 2008)

The wages and salaries sum grew fastest in construction, where growth amounted 6.9 per cent from the corresponding period last year. The wages and salaries sums of other services (4.6 %), private health and social work (2.5 %), financial intermediation (2.2 %), manufacturing (2.1 %) and trade (1.0 %) also grew. The wages and salaries sum of private education declined by 1.4 per cent from the respective time period twelve months earlier.

The wages and salaries sum grew by 4.1 per cent in the private sector in June to August year-on-year

The wages and salaries sum in the private sector was 4.1 per cent greater in June to August. In the public sector, the wages and salaries sum fell by 3,8. In August alone, the wages and salaries sum in the private sector grew by 4.5 per cent from one year earlier. In August, the wages and salaries sum in the public sector increased by 0.3 per cent from one year earlier. In the June to August period one year ago, the wages and salaries sum increased by 2.4 per cent in the private sector while decreased 0.1 per cent in the public sector.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 06–08/2017 and 06/2016–08/2016, % (TOL 2008 and S 2012)

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 06–08/2017 and 06/2016–08/2016, % (TOL 2008 and S 2012)
The wages and salaries sum refers to the sum total of the gross wages and salaries paid to employees without incentive stock options. The wages and salaries sum is influenced by changes in employment and in the earnings level of wage and salary earners.

Source: Wage and salary indices, Statistics Finland

Inquiries: Anna Mustonen 029 551 3651, palvelut.suhdanne@stat.fi

Director in charge: Sami Saarikivi

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Updated 11.10.2017

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. August 2017. Helsinki: Statistics Finland [referred: 21.10.2017].
Access method: http://www.stat.fi/til/ktps/2017/08/ktps_2017_08_2017-10-11_tie_001_en.html

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