Home > Statistics > Wage and salary indices > 2008 > February > Wages and salaries sum grew by 8.7 per cent in December to February

Published: 15 April 2008

Wages and salaries sum grew by 8.7 per cent in December to February

The wages and salaries sum of the whole economy was 8.7 per cent greater in the past December to February period than in the corresponding period twelve months before. The rate of growth increased from the previous December to February period in which the year-on-year growth in the wages and salaries sum was 5.2 per cent.

The wages and salaries sum went up in all main industries. The growth was fastest in construction where the sum was 11.1 per cent greater in this December to February period than in the corresponding period twelve months earlier. Almost equally strong growth, at 10.5 per cent, was recorded in private health and social work, and in financial intermediation, at 10.3 per cent. The wages and salaries sum developed favourably also in other industries. The increase in the wages and salaries sum was most moderate in private sector education services where it grew by 6.2 per cent from the comparison period of the year before.

Year-on-year change in wages and salaries sum in the 12/2007-2/2008 and 12/2006-2/2007 time periods, %

A new calculation method of turnover and wage bill indicators will be introduced by summer 2008. Data on 2008 may become slightly revised due to the new calculation method. Further information on the methodological revision is available from Mr Antti Santaharju, tel. +358 9 1734 2720.

Source: Monthly trend indicators 2008, February. Statistics Finland

Inquiries: Mr Aki Niskanen +358 9 1734 2657, palvelut.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 15.4.2008