Wages and salaries sum increased in May 2025 year-on-year

Wages and salaries sum increased by 0.8 per cent year-on-year in the private sector in May

The working day adjusted wages and salaries sum was 0.8 per cent higher in the private sector in May than twelve months earlier. The wages and salaries sum in the public sector was 3.9 per cent higher than a year earlier in the corresponding period. In the private sector, the seasonally adjusted wages and salaries sum decreased by 2.1 per cent and increased in the public sector by 0.9 per cent in May from the month before.

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Wages and salaries sum grew in most main industries in the private sector

The working day adjusted wages and salaries sum grew in May 2025 in majority of main industries but decreased in the industries of construction, private health and social work and private education compared to May 2024. The working day adjusted wages and salaries sum increased moderately in the industries of trade (1.8%), finance and insurance (1.6%), manufacturing (0.8%) and other services (0.1%). At the same period the working day adjusted wages and salaries sum decreased in the industries of construction (-2.8%), private health and social work (-2.5%) and private education (-1.1%).

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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.