Wages and salaries sum remained the same from previous year in January 2025

Wages and salaries sum increased by 3.0 per cent year-on-year in the public sector in January

The working day adjusted wages and salaries sum was 0.9 per cent lower in the private sector in January than twelve months earlier. The wages and salaries sum in the public sector was 3 per cent higher than a year earlier in the corresponding period. In the private sector, the seasonally adjusted wages and salaries sum decreased by 3.2 per cent and increased in the public sector by 0.2 per cent in

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Wages and salaries sum grew in almost all main industries in the private sector

The working day adjusted wages and salaries sum grew in January 2025 in all other main industries but decreased in the industries of construction and manufacturing compared to January 2024. The working day adjusted wages and salaries sum increased significantly in the industry of finance and insurance (9.3 %). The growth was moderate in the industries of trade (0.9 %), private education (0.9 %), private health and social work (0.3 %) and other services (0.1 %). At the same period the working day adjusted wages and salaries sum decreased significantly in the industry of construction (-8.8 %). There was also moderate decrease in the industry of manufacturing (-1.9 %).

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The factors caused by the variation in the number of weekdays are taken into account in adjustment for working days. This means taking into consideration the lengths of months, different weekdays and holidays. In addition, seasonal variation is eliminated from seasonally adjusted series, on account of which it makes sense to compare observations of two successive months as well.