Published: 12 October 2018

Wages and salaries sum grew by 5.1 per cent year-on-year in June to August

According to Statistics Finland’s data, the wages and salaries sum of the whole economy was 5.1 per cent greater in the June to August period than in the corresponding period twelve months earlier. In August, the wages and salaries sum of the whole economy grew by 6.3 per cent from the year before. One year previously in June to August, the wages and salaries sum of the whole economy increased by 1.6 per cent. The wages and salaries sum grew in all main industries in June to August.

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

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

The wages and salaries sum grew fastest in the industries of construction (8.7%), other services (6.6%), private health and social work (6.5%), manufacturing (5.1%) and trade (3.9%). The increase in the wages and salaries sum was most moderate in the industries of financial intermediation (3.3%) and private education (1.3%).

The wages and salaries sum grew by 6.5 per cent in the private sector in June to August year-on-year

The wages and salaries sum in the private sector was 6.5 per cent greater in June to August than twelve months earlier. The wages and salaries sum of the public sector was 2.8 per cent higher than in the corresponding period one year previously. In August, the wages and salaries sum in the private sector increased by 8.6 per cent and in the public sector by 2.6 per cent from one year earlier. In the June to August period one year ago, the wages and salaries sum grew by 4.2 per cent in the private sector, while in the public sector the wages and salaries sum decreased by 3.8 per cent year-on-year.

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

Three months’ year-on-year change in the wages and salaries sum of the whole economy, and the private and the public sector, % (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: Anna Mustonen 029 551 3651, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 12.10.2018

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. August 2018. Helsinki: Statistics Finland [referred: 21.10.2018].
Access method: http://www.stat.fi/til/ktps/2018/08/ktps_2018_08_2018-10-12_tie_001_en.html