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Latest publication: Wage and salary indices 2019, September

Published: 13 September 2019

Wages and salaries sum grew by 3.7 per cent year-on-year in April to June

According to Statistics Finland’s data, the wages and salaries sum of the whole economy was 3.7 per cent higher in the second quarter of 2019 compared with the previous year. In June, the wages and salaries sum of the whole economy increased by 1.7 per cent from one year ago. A year ago in April to June, the wages and salaries sum of the whole economy grew by 4.8 per cent. Due to inadequate accumulation of data, no February to June data will be published for the public sector, so its impact has been eliminated from the development of the wages and salaries sum of the whole economy for February to June.

Three months’ year-on-year change in the wages and salaries sum, % (TOL 2008)

Three months’ year-on-year change in the wages and salaries sum, % (TOL 2008)

There was one less pay day Friday in June 2019 than one year ago, which lowered the wages and salaries sum in many industries. In April to June, the industries of private health and social work (5.9%) and other services (4.4%) grew faster than the whole economy. Growth was more moderate in the industries of manufacturing (3.2%), trade (3.0%), construction (2.7%), private education (2.6%) and financial intermediation (1.7%).

Wages and salaries sum grew by 4.1 per cent in the private sector in April to June year-on-year

The wages and salaries sum in the private sector was 4.1 per cent higher in April to June than twelve months earlier. In June, the wages and salaries sum in the private sector increased by 1.7 per cent from the previous year. A year ago in April to June, the wages and salaries sum in the private sector grew by 5.9 per cent.

Three months’ year-on-year change in the wages and salaries sum of the whole economy and the private sector, % (TOL 2008 and S 2012)

Three months’ year-on-year change in the wages and salaries sum of the whole economy and the private sector, % (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: Mari Ylä-Jarkko

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Updated 13.9.2019

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. June 2019. Helsinki: Statistics Finland [referred: 6.12.2019].
Access method: http://www.stat.fi/til/ktps/2019/06/ktps_2019_06_2019-09-13_tie_001_en.html