Home > Statistics > Wage and salary indices > 2015 > October > The wages and salaries sum went up 0.4 per cent year-on-year in August to October

Published: 11 December 2015

The wages and salaries sum went up 0.4 per cent year-on-year in August to October

According to Statistics Finland, the wages and salaries sum of the whole economy was 0.4 per cent greater in the August to October period than in the corresponding period twelve months earlier. In October alone, the wages and salaries sum increased by 0.6 per cent year-on-year. In August to October 2014, the wages and salaries sum of the whole economy grew by 1.3 per cent.

Year-on-year change in wages and salaries sum in the 08-10/2015 and 08-10/2014 time periods, % (TOL 2008)

In the August to October period wages and salaries sum grew fastest in private health and social work services (2.7 %). The wages and salaries sum also increased in other services (2.1 %), financial intermediation (2.1 %) and construction (1.1 %). Over the same period the wages and salaries sum decreased in trade (-0.1 %), manufacturing (-1.2 %) and education services provided by the private sector (-1.7 %).

Wages and salaries sum grew by 1.0 per cent in the private sector in August to October year-on-year

The wages and salaries sum in the private sector was 1.0 per cent greater in the August to October period than in the respective time period twelve months earlier. Over the same period, the wages and salaries sum of the public sector declined by 0.9 per cent year-on-year. In October alone, the wages and salaries sum in the private sector increased by 1.1 per cent. In the public sector wages and salaries sum declined by 1.0 per cent from one year earlier. In the August to October period one year ago the wages and salaries sum grew by 1.9 per cent in the private sector and by 0.7 per cent in the public sector from the year before.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 08–10/2015 and 08–10/2014, % (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: Katja Äijö 029 551 2659, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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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) (11.12.2015)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (11.12.2015)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (11.12.2015)

Revisions in these statistics

• Revisions in these statistics (11.12.2015)

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Updated 11.12.2015