Wage and salary earners' earnings rose by 1.2 per cent in April–June

According to preliminary data of Statistics Finland, the nominal earnings of wage and salary earners rose by 1.2 per cent in April–June 2015 when compared to the respective period in 2014. Real earnings rose by 1.3 per cent compared with the second quarter of the previous year. The rising of real earnings was affected by falling consumer prices. Inflation was negative in April to June 2015.

Year-on-year changes in index of wage and salary earnings 2000/1–2015/2, per cent

During the period from April–June 2014 to the respective period in 2015 the nominal earnings of wage and salary earners rose in the private sector by 1.2 per cent, in the central government sector by 1.7 per cent and in the local government sector by 1.0 per cent.

Wage and salary earners' regular earnings increased by 1.2 per cent in April–June

According to preliminary data of Statistics Finland, wage and salary earners' regular earnings rose by 1.2 per cent in April–June 2015 when compared to the respective period in 2014. The increase was 1.2 per cent in the private sector, 1.7 per cent in the central government sector and 1.0 per cent in the local government sector.

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.

Realised earnings development varies by industry

The data describing 2014 are based on the realised earnings development. When examining the full year 2014 earnings development by industry, earnings increased by 2.8 per cent in the industry of administrative and support service activities. This was affected by an increase in earnings in renting and leasing activities. Growth in trade amounted to 2.5 per cent. This was, in particular, affected by the earnings development in wholesale and retail trade. In 2014, earnings decreased in real estate activities (-0.1 per cent).

According to preiminary data are wage and salary earners’ earnings in July–September 1.0 percent higher than in the previous year

According to preliminary data of Statistics Finland, the nominal earnings of wage and salary earners rises by 1.0 per cent in July–September 2015 when compared to the respective period in 2014. According to preliminary data, the index of wage and salary earnings 2010=100 for the third quarter of 2015 is 111.1. Statistics Finland compiles the preliminary data of the index of wage and salary earnings for the third quarter on the basis of the Employees Pensions Act (2006/395).

Index of wage and salary earnings and index of regular earnings are final as far as the year 2014

The indices are final as far as the year 2014 and they are based on final wage statistics. The indices for 2015 are still preliminary. They are based on the effects of agreements and the wage drift.

Source: Index of wage and salary earnings 2015, 2nd quarter. Statistics Finland

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

Director in charge: Hannele Orjala

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Updated 27.8.2015

Referencing instructions:

Official Statistics of Finland (OSF): Index of wage and salary earnings [e-publication].
ISSN=1798-7814. 2nd quarter 2015. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ati/2015/02/ati_2015_02_2015-08-27_tie_001_en.html