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Published: 14 April 2009

Growth in wages and salaries sum slowed down to 3.1 per cent in December to February

The wages and salaries sum of the whole economy was 3.1 per cent greater in the past December to February period than in the corresponding period twelve months before. The rate of growth slowed down from the previous December to February period during which the year-on-year growth in the wages and salaries sum was 8.6 per cent. The growth in the wages and salaries sum is mostly due to a rise in the level of earnings.

The growth in the wages and salaries sum slowed down in almost all main industries, especially in February. Growth stayed almost on level with the year before in private health and social work (11%) and in the private educational services sector (7.2%). In other industries the growth in the wages and salaries sum slowed down clearly year-on-year. In February, the wages and salaries sum fell by nearly 10 per cent in manufacturing and by close on 7 per cent in construction from twelve months back.

Year-on-year change in wages and salaries sum in the 12/2008-2/2009 and 12/2007-2/2008 time periods, % (TOL 2008)

The standard classification of industries TOL 2008 and base year 2005=100 were introduced in Wage and salary indices starting from data concerning January 2009. Further information about the TOL 2008 classification is available in the TOL 2008 section on Statistics Finland's website. Further information about the transition of the wage and salary indices to standard industrial classification TOL 2008 is available under Revisions in these statistics.

Source: Wage and salary indices, February 2009. 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 14.4.2009

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. February 2009. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ktps/2009/02/ktps_2009_02_2009-04-14_tie_001_en.html