Home > Statistics > Wage and salary indices > 2017 > October > Wages and salaries sum grew by 2.7 per cent year-on-year in August to October

Published: 11 December 2017

Wages and salaries sum grew by 2.7 per cent year-on-year in August to October

According to Statistics Finland, the wages and salaries sum of the whole economy was 2.7 per cent greater in August to October than in the corresponding period one year before. In October alone, the wages and salaries sum of the whole economy increased by 3.1 per cent from one year ago. One year previously in August to October, the wages and salaries sum of the whole economy increased by 2.1 per cent.

Three months’ year-on-year change in the wages and salaries sum, % (TOL 2008)

The wages and salaries sum grew fastest in construction, where growth amounted 6.3 per cent from the corresponding period last year. The wages and salaries sums of other services (5.1 %), financial intermediation (4.2 %), private health and social work (2.5 %), manufacturing (1.8 %) and trade (1.4 %) also grew. The wages and salaries sum of private education declined by 0.6 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 August to October year-on-year

The wages and salaries sum in the private sector was 4.2 per cent greater in August to October than in the corresponding period one year earlier. In the public sector, the wages and salaries sum grew by 0.6. In October alone, the wages and salaries sum in the private sector grew by 4.6 per cent and the wages and salaries sum in the public sector increased by 1.4 per cent from one year earlier. In the August to October period one year ago, the wages and salaries sum increased by 3.0 per cent in the private sector and by 0.1 per cent in the public sector.

Three months’ year-on-year change in the wages and salaries sum of the whole economy, and the private and public sector, % (TOL 2008 and S 2012)

The wage and salary indices will adopt base year 2015=100 from the January 2018 data. Data using the new base year will be published for the first time on March 2018.

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: 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) (11.12.2017)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (11.12.2017)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (11.12.2017)

Revisions in these statistics

• Revisions in these statistics (11.12.2017)

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Updated 11.12.2017