Home > Statistics > Wage and salary indices > 2014 > July > Wages and salaries sum grew by 1.1 per cent year-on-year in May to July

Published: 10 September 2014

Wages and salaries sum grew by 1.1 per cent year-on-year in May to July

According to Statistics Finland, the wages and salaries sum of the whole economy was 1.1 per cent greater in the past May to July period than in the corresponding period twelve months earlier. In July alone, the wages and salaries sum of the whole economy grew by 1.3 per cent year-on-year. In the May to July period one year ago, the wages and salaries sum grew by 1.2 per cent.

Year-on-year change in wages and salaries sum in the 05-07/2014 and 05-07/2013 time periods, % (TOL 2008)

The wages and salaries sum grew in the May to July period in all main industries with the exception of the manufacturing (-0.1 %) and financial intermediation (-0.3 %). The growth was fastest in the private health and social work (4.2 %) and construction (1.8 %).

The wages and salaries sum grew by one per cent in the private sector in May to July year-on-year

The wages and salaries sum in the private sector was one per cent greater in the May to July period than in the respective time period twelve months earlier. In the public sector, the wages and salaries sum decreased by 0.2 per cent in the latest three-month period from twelve months back. In July alone, the wages and salaries sum in the private sector grew by 1.2 per cent and in the public sector by 0.2 per cent from one year earlier. In the May to July period one year ago the wages and salaries sum grew by 2.6 per cent in the public sector and 0.7 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 05–07/2014 and 05–07/2013, % (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.

Source: Wage and salary indices, Statistics Finland

Inquiries: Godfrey Lowndes 029 551 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) (10.9.2014)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (10.9.2014)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (10.9.2014)

Revisions in these statistics

• Revisions in these statistics (10.9.2014)

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Updated 10.9.2014