Home > Statistics > Wage and salary indices > 2017 > July > Wages and salaries sum grew by 1.4 per cent year-on-year in May to July

Published: 12 September 2017

Wages and salaries sum grew by 1.4 per cent year-on-year in May to July

According to Statistics Finland, the wages and salaries sum of the whole economy 1.4 per cent greater in the past May to July. In July alone, the wages and salaries sum of the whole economy fell by 1.3 per cent from one year ago. One year previously in May to July the wages and salaries sum increased by 1.1 per cent.

Year-on-year change in wages and salaries sum in the 05–07/2017 and 05/2016–07/2016 time periods, % (TOL 2008)

The wages and salaries sum grew fastest in construction, where growth amounted 7.1 per cent from the corresponding period last year. The wages and salaries sums of other services (4.4 %), private health and social work (3.8 %), financial intermediation (2.6 %), manufacturing (2.2 %) and trade (1.3 %) also grew. The wages and salaries sum of private education declined by 1.5 per cent from the respective time period twelve months earlier.

The wages and salaries sum grew by 4.2 per cent in the private sector in May to July year-on-year

The wages and salaries sum in the private sector 4.2 per cent greater in May to July. In the public sector, the wages and salaries sum fell by 3,6. In July alone, the wages and salaries sum in the private sector grew by 0.8 per cent from one year earlier. In July, the wages and salaries sum in the public sector fell by 5,7 from one year earlier. In the May to July period one year ago, the wages and salaries sum increased by 1.9 per cent in the private sector while decreased 0.5 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 05–07/2017 and 05/2016–07/2016, % (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: Anna Mustonen 029 551 3651, palvelut.suhdanne@stat.fi

Director in charge: Sami Saarikivi

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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) (12.9.2017)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (12.9.2017)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (12.9.2017)

Revisions in these statistics

• Revisions in these statistics (12.9.2017)

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Updated 12.9.2017