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Latest publication: Wage and salary indices 2019, August

Published: 12 July 2019

Wages and salaries sum grew by 3.7 per cent year-on-year in January to March

According to Statistics Finland’s data, the wages and salaries sum of the whole economy was 3.7 per cent greater in the January to March period than in the corresponding period twelve months earlier. In March, the wages and salaries sum of the whole economy grew by 2.7 per cent from the year before. One year previously in January to March, the wages and salaries sum of the whole economy increased by 4.7 per cent. No February and March figures will be published for the public sector, so they are not included in the wages and salaries sum of the whole economy for February and March.

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)

The wages and salaries sum grew in all main industries in January to March. The growth in the wages and salaries sum was fastest in private health and social work (7.2%), construction (4.2%), other services (4.1%), private education (3.5%) and financial intermediation (3.2%). The wages and salaries sum grew most moderately in manufacturing (1.9%) and trade (1.4%).

Wages and salaries sum grew by 3.6 per cent year-on-year in the private sector in January to March

The wages and salaries sum in the private sector was 3.6 per cent greater in January to March than twelve months earlier. In March alone, the wages and salaries sum of the private sector grew by 2.9 per cent. In the January to March period one year ago, the wages and salaries sum grew by 6.5 per cent in the private sector from the previous year.

Three months’ year-on-year change in the wages and salaries sum of the whole economy, and the private and the public 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 and the public 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 12.7.2019

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. March 2019. Helsinki: Statistics Finland [referred: 22.10.2019].
Access method: http://www.stat.fi/til/ktps/2019/03/ktps_2019_03_2019-07-12_tie_001_en.html