Published: 13 November 2017

Wages and salaries sum grew by 1.2 per cent year-on-year in July to September

According to Statistics Finland, the wages and salaries sum of the whole economy was 1.2 per cent greater in the past July to September. In September alone, the wages and salaries sum of the whole economy increased by 2.6 per cent from one year ago. One year previously in July to September the wages and salaries sum increased by 2.5 per cent.

Year-on-year change in wages and salaries sum in the 07–09/2017 and 07/2016–09/2016 time periods, % (TOL 2008)

Year-on-year change in wages and salaries sum in the 07–09/2017 and 07/2016–09/2016 time periods, % (TOL 2008)

The wages and salaries sum grew fastest in financial intermediation, where growth amounted 4.6 per cent from the corresponding period last year. The wages and salaries sums of other services (4.3 %), construction (3.7 %), private health and social work (2.1 %), trade (0.9 %) and manufacturing (0.1 %) also grew. The wages and salaries sum of private education declined by 1.2 per cent from the respective time period twelve months earlier.

The wages and salaries sum grew by 3.0 per cent in the private sector in July to September year-on-year

The wages and salaries sum in the private sector was 3.0 per cent greater in July to September. In the public sector, the wages and salaries sum fell by 2,1. In September alone, the wages and salaries sum in the private sector grew by 3.9 per cent from one year earlier. In September, the wages and salaries sum in the public sector increased by 0.2 per cent from one year earlier. In the July to September period one year ago, the wages and salaries sum increased by 3.9 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 07–09/2017 and 07/2016–09/2016, % (TOL 2008 and S 2012)

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 07–09/2017 and 07/2016–09/2016, % (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 13.11.2017

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. September 2017. Helsinki: Statistics Finland [referred: 22.11.2017].
Access method: http://www.stat.fi/til/ktps/2017/09/ktps_2017_09_2017-11-13_tie_001_en.html

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