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Published: 11 August 2015

Wages and salaries sum grew strongest in construction in April to June

According to Statistics Finland's data, the wages and salaries sum of the whole economy was 1.5 per cent higher in the April to June period than in the corresponding period of the previous year. In June alone the wages and salaries sum of the whole economy grew by 1.1 per cent from one year ago. In April to June period one year ago, the wages and salaries sum of the whole economy increased by 0.5 per cent.

Year-on-year change in wages and salaries sum in the 04-06/2015 and 04-06/2014 time periods, % (TOL 2008)

The wages and salaries sum went up in almost all main industries during the second quarter of the year. The wages and salaries sum grew strongest in construction (3.7%). The wages and salaries sum also increased in private health and social work (3.4%), other services (2.9%), financial intermediation (1.7%) and trade (0.8%). In contrast, the wages and salaries sum fell in the public sector providing training services by 0.4 per cent from one year back.

Wages and salaries sum grew by 2.2 per cent in the private sector in April to June year-on-year

The wages and salaries paid in the private sector was 2.2 per cent greater in the April to June period than in the respective time period twelve months earlier. At the same time, the wages and salaries sum in the public sector grew by 0.3 per cent year-on-year. In June alone the wages and salaries sum of the private sector grew by 1.7 per cent. In contrast, the wages and salaries sum in the public sector was in June on level with the previous year. In the April to June period one year ago, the wages and salaries sum grew by 1.2 per cent in the private sector and fell by 0.5 per cent in the public sector from one year back.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 01–03/2015 and 01–03/2014, % (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: Jarkko Niemistö 029 551 2951, Suvi Kiema 029 551 2738, 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) (11.8.2015)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (11.8.2015)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (11.8.2015)

Revisions in these statistics

• Revisions in these statistics (11.8.2015)

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Updated 11.8.2015