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Published: 13 May 2014

Wages and salaries sum grew by 0.7 per cent year-on-year in January to March

According to Statistics Finland, the wages and salaries sum of the whole economy was 0.7 per cent greater in the past January to March period than in the corresponding period twelve months earlier. In March alone, the wages and salaries sum of the whole economy fell by 1.1 per cent year-on-year. In the January to March period one year ago, the wages and salaries sum grew by 0.2 per cent.

Year-on-year change in wages and salaries sum in the 01-03/2014 and 01-03/2013 time periods, % (TOL 2008)

The wages and salaries sum grew in the January to March period in all main industries with the exception of the financial intermediation (-1.5 %) and manufacturing (-1.6 %). The growth was fastest in the private health and social work (4.5 %) and construction (1.8 %). There was one Friday more in January 2014 than in January 2013, which boosted the growth of the wages and salaries sum in several industries in the January to March period.

The wages and salaries sum grew by 0.7 per cent in the private sector in January to March year-on-year

The wages and salaries sum in the private sector was 0.7 per cent greater in the January to March period than in the respective time period twelve months earlier. The growth was slightly stronger than for wages and salaries in the public sector and in January to March the wages and salaries sum of the public sector increased by 0.3 per cent year-on-year. In March alone, the wages and salaries sum in the private sector fell by 2.0 per cent and in the public sector by 0.5 per cent from one year earlier. In the January to March period one year ago the wages and salaries sum grew by 0.4 per cent in the public sector and 0.3 per cent in the private sector.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 01–03/2014 and 01–03/2013, % (TOL 2008 and S 2012)

The wages and salaries sum refers to the sum total of the gross wages and salaries paid to employees without incentive stock options. The wages and salaries sum is influenced by changes in employment and in the earnings level of wage and salary earners.

Wage and Salary Indices included in the renewal of business statistics

Statistics Finland has renewed the production of business statistics. The review concerns more than ten sets of statistics. The renewal harmonises the production of business statistics. A uniform business production system has been adopted in the wage and salary indices in May 2014. Further information on Changes in these statistics page .

Source: Wage and salary indices, Statistics Finland

Inquiries: Godfrey Lowndes 09 1734 3423, palvelut.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Year-on-year change in the sum of wages and salaries by industry and sector, % (TOL 2008 and S 2012) (13.5.2014)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (13.5.2014)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (13.5.2014)

Revisions in these statistics

• Revisions in these statistics (13.5.2014)

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Updated 13.5.2014