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Published: 14 May 2009

Growth in wages and salaries sum slowed down to 1.8 per cent in January to March

The wages and salaries sum of the whole economy was 1.8 per cent greater in the past January to March period than in the corresponding period twelve months before. The rate of growth slowed down from the previous year's January to March period during which the year-on-year growth in the wages and salaries sum was 8.1 per cent. In March the wages and salaries sum of the whole economy fell by 0.8 per cent from the year before.

The growth in the wages and salaries sum slowed down in almost all main industries in the first quarter of the year. The wages and salaries sum grew slightly more favourably than in the year before in the private educational sector (7.8 per cent) and the public sector (7.5 per cent). By contrast, the wages and salaries sum fell in manufacturing (6.1 per cent), financial intermediation (2.9 per cent) and construction (0.3 per cent). In trade and other services growth in the wages and salaries sum slowed down clearly from the year before.

Year-on-year change in wages and salaries sum in the 1-3/2009 and 1-3/2008 time periods, % (TOL 2008)

The standard classification of industries TOL 2008 and base year 2005=100 were introduced in Wage and salary indices starting from data concerning January 2009. Further information about the TOL 2008 classification is available in the TOL 2008 section on Statistics Finland's website. Further information about the transition of the wage and salary indices to standard industrial classification TOL 2008 is available under Revisions in these statistics.

Source: Wage and salary indices, March 2009. 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 14.5.2009

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. March 2009. Helsinki: Statistics Finland [referred: 21.12.2024].
Access method: http://www.stat.fi/til/ktps/2009/03/ktps_2009_03_2009-05-14_tie_001_en.html