Published: 30 May 2018

Wage and salary earners' earnings rose by 1.0 per cent

According to Statistics Finland’s preliminary data, the nominal earnings of wage and salary earners rose by 1.0 per cent on average in January to March 2018 when compared to the respective period in 2017. Real earnings rose by 0.3 per cent on average compared to the first quarter of the previous year, because the rise in earnings level was faster than that in consumer prices.

Year-on-year changes in index of wage and salary earnings 2000/1–2018/1, per cent

Year-on-year changes in index of wage and salary earnings 2000/1–2018/1, per cent

Public sector earnings development turned positive

During the period from January–March 2017 to the respective period in 2018, the nominal earnings of wage and salary earners rose in the private sector by 1.2 per cent, in the central government sector by 0.6 per cent and in the local government sector by 0.5 per cent.

The figure below examines the development of the index of wage and salary earnings in 2015 to 2018. The private sector and the public sector were selected to the examination and it ends in the last published quarter, that is, the first quarter of 2018. The cut in the public sector holiday bonuses, agreed on in the Competitiveness Pact, is visible in the development of index of wage and salary earnings in the central and local government sectors. For both, the index of wage and salary earnings falls in the first quarter of 2017 and the earnings development is negative during 2017.

Development of the index of wage and salary earnings in 2015 to 2018

Development of the index of wage and salary earnings in 2015 to 2018
The public sector indices for 2017 are based on final wage statistics. In the private sector, the indices for 2017 are still preliminary. They are mainly based on the effects of agreements and the wage drift.

Wage and salary earners’ regular earnings increased by 1.0 per cent in January to March

Regular earnings rose by 1.0 per cent in January to March 2018 when compared to the respective period in 2017. They grew by 1.2 per cent in the private sector, by 0.6 per cent in the central government sector and by 0.5 per cent in local government.

The index for regular earnings describes lasting earning development better than the index of wage and salary earnings because it does not take into account performance-based bonuses and non-recurring items included in collective agreements.

Index of wage and salary earnings and index of regular earnings are final as far as the year 2016

The indices are final as far as the year 2016 and they are based on final wage statistics. The indices for 2017 are still preliminary. They are based on final wage statistics and in addition to the effects of agreements and the wage drift. The indices for 2018 are based on the effects of agreements and the wage drift.


Source: Index of wage and salary earnings 2018, 1st quarter. Statistics Finland

Inquiries: Anu Uuttu 029 551 2322, Harri Nummila 029 551 3235, palkat.indeksit@stat.fi

Director in charge: Mari Ylä-Jarkko

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Tables

Tables in databases

Appendix tables

Revisions in these statistics

Updated 30.05.2018

Referencing instructions:

Official Statistics of Finland (OSF): Index of wage and salary earnings [e-publication].
ISSN=1798-7814. 1st quarter 2018. Helsinki: Statistics Finland [referred: 18.7.2018].
Access method: http://www.stat.fi/til/ati/2018/01/ati_2018_01_2018-05-30_tie_001_en.html

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