Home > Statistics > Wage and salary indices > 2016 > September > Wages and salaries sum grew by 3.0 per cent year-on-year in July to September

Published: 11 November 2016

Wages and salaries sum grew by 3.0 per cent year-on-year in July to September

According to Statistics Finland, the wages and salaries sum of the whole economy was 3.0 per cent greater in the past July to September period than in the corresponding period twelve months earlier. In September alone, the wages and salaries sum of the whole economy grew by 4.7 per cent from one year ago. One year previously in July to September the wages and salaries sum of the whole economy increased by 0.6 per cent. There was one Friday more in September 2016 than in September 2015, which boosted the growth of the wages and salaries sum in several industries.

Year-on-year change in wages and salaries sum in the 07/2016–09/2016 and 07/2015–09/2015 time periods, % (TOL 2008)

In July to September, the wages and salaries sum grew fastest in construction, where the growth amounted to 10.1 per cent from one year ago. The wages and salaries sums of private health and social work (6.9 %), other services (4.6 %) financial intermediation (3.2 %), trade (2.4 %) and manufacturing (1.5 %) also grew. The wages and salaries sum of private education (-1.8 %) declined from the respective time period twelve months earlier.

The wages and salaries sum grew by 4.4 per cent in the private sector in July to September year-on-year

The wages and salaries sum in the private sector was 4.4 per cent greater in July to September than in the respective time period twelve months earlier. In the public sector, the wages and salaries sum remained in the same level than in the respective time period twelve months back. In September alone, the wages and salaries sum in the private sector increased by 7.3 per cent from one year earlier. In September, the wages and salaries sum in the public sector decreased by 0.4 per cent from one year earlier. In the July to September period one year ago, the wages and salaries sum increased by 1.6 per cent in the private sector while decreased 0.8 per cent in the public sector.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 07/2016–09/2016 and 07/2015–09/2015, % (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.

The wage and salary indices adopted new treatment for closures of small enterprises starting from the data for May 2016. This affected the revision of data at the turn of the year and in early 2016.

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) (11.11.2016)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (11.11.2016)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (11.11.2016)

Revisions in these statistics

• Revisions in these statistics (11.11.2016)

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Updated 11.11.2016