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Published: 17 September 2008

Wages and salaries sum grew by 7.9 per cent in May to July

The wages and salaries sum of the whole economy was 7.9 per cent greater in the past May to July period than in the corresponding period twelve months before. The rate of growth increased from the previous May to July period in which the year-on-year growth in the wages and salaries sum was 5 per cent.

The wages and salaries sum went up in all the industries for which statistics are compiled. The growth was fastest in construction where the sum was 13.2 per cent greater in this May to July period than in the corresponding period twelve months earlier. Strong growth was recorded also in private health and social work (11.4 per cent), trade (9.9 per cent) and other services (9.7 per cent). The wages and salaries sum developed favourably in other industries as well. The increase in the wages and salaries sum was most moderate in manufacturing where it grew by 4.3 per cent during the most recent three-month period.

Year-on-year change in wages and salaries sum in the 5/2008-7/2008 and 5/2007-7/2007 time periods, %

A revised standard industrial classification, TOL 2008, and base year 2005=100 will be introduced in these statistics starting from data concerning January 2009. For further information about the revised classification see the TOL 2008 section on Statistics Finland's website: http://tilastokeskus.fi/til/tol2008_en.html. Information about the application of the revised classification in these statistics will be released on 26 September 2008.

Source: Wage and salary indices, July 2008. Statistics Finland

Inquiries: Mr Aki Niskanen +358 9 1734 2657, palvelut.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 17.9.2008

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. July 2008. Helsinki: Statistics Finland [referred: 18.11.2024].
Access method: http://www.stat.fi/til/ktps/2008/07/ktps_2008_07_2008-09-17_tie_001_en.html