Home > Statistics > Index of wage and salary earnings > 2012 > 3rd quarter > Wage and salary earners' earnings rose by 3.5 per cent in July–September

Published: 15 October 2012

Wage and salary earners' earnings rose by 3.5 per cent in July–September

According to preliminary data of Statistics Finland, the nominal earnings of wage and salary earners rose by 3.5 per cent in July–September 2012 when compared to the respective period in 2011. Real earnings rose by 0.7 per cent compared to the third quarter of the previous year, because the rise in earnings level was faster than that in consumer prices in the third quarter of 2012.

Year-on-year changes in index of wage and salary earnings 2000/1–2012/3, per cent

During the period from July–September 2011 to the respective period in 2012 the nominal earnings of wage and salary earners rose in the central government sector by 3.6 per cent, in the private sector by 3.7 per cent and in the local government sector by 2.6 per cent.

Wage and salary earners' regular earnings increased by 3.2 per cent in July–September

According to preliminary data of Statistics Finland, wage and salary earners' regular earnings rose by 3.2 per cent in July–September 2012 when compared to the respective period in 2011. During the period from July–September 2011 to the respective period in 2012 the regular earnings of wage and salary earners rose in the central government sector by 3.2 per cent, in the local government sector by 2.5 per cent and in the private sector by 3.4 per cent.

Wage and salary earners' regular earnings refer to earnings for regular working hours exclusive of performance-based bonuses and other irregularly paid one-off items.

Index of Wage and Salary Earnings and Index of Regular Earnings have been revised

The new base year for the Index of Wage and Salary Earnings as well as the Index of Regular Earnings is 2010, indicated by 100 in the revised indices. The most recent indices have been calculated for the first time with 2010 as the base year in the publication concerning the third quarter of 2012. The indices for 2012 are still preliminary.

In the revisions, the weight structure by wage and salary earner group has been changed to correspond with the weights of wage and salary sums according to the new base year. The weight structure of the 2010=100 index follows the national accounts wage and salary sum for 2010 applied to the wage and salary earner group distribution of the index.

The chaining point of the indices with old base years is the last quarter of 2011. Thus, as of the beginning of 2012, the development of old indices follows that of the 2010=100 index.

Source: Index of wage and salary earnings 2012, 3rd quarter. Statistics Finland

Inquiries: Hanna Heljala 09 1734 3772, Harri Nummila 09 1734 3235, palkat.indeksit@stat.fi

Director in charge: Kari Molnar

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Appendix tables

• Appendix table 1. Index of wage and salary earnings 2010=100 by employment sector and base of payment 1) (15.10.2012)
• Appendix table 2. Regular earnings index 2010=100 by employment sector and base of payment 1) (15.10.2012)
• Appendix table 3. Index of wage and salary earnings 2010=100 by employment sector and gender 1) (15.10.2012)
• Appendix table 4. Regular earnings index 2010=100 by employment sector and gender 1) (15.10.2012)
• Appendix table 5. Index of wage and salary earnings 2010=100 by industry, (TOL 2008) 1) (15.10.2012)
• Appendix table 6. Index of regular earnings 2010=100 by industry, (TOL 2008) 1) (15.10.2012)
• Appendix table 7. Index of wage and salary earnings 2005=100 by employment sector and gender 1) (15.10.2012)
• Appendix table 8. Index of wage and salary earnings 2005=100 by industry, (TOL 2008) 1) (15.10.2012)
• Appendix table 9. Index of wage and salary earnings, percentage changes 1) (15.10.2012)
• Appendix table 10. Index of regular earnings, percentage changes 1) (15.10.2012)
• Appendix table 11. Average monthly earnings by employment sector and gender 1) (15.10.2012)

Revisions in these statistics

• Revisions in these statistics (15.10.2012)

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Updated 5.2.2013