Wages and salaries sum fell by 1,1 per cent in July to September

The wages and salaries sum of the whole economy was 1,1 per cent smaller in the past July to September period than in the corresponding period twelve months before. In September alone the wages and salaries sum of the whole economy fell by 0,9 per cent. In the July to September period of last year the wages and salaries sum grew by 6,8 per cent year-on-year.

The growth in the wages and salaries sum slowed down or turned negative in all main industries in the July to September period. The development in the wages and salaries sum of the whole economy was slowed down most strongly by falls in the wages and salaries sums in manufacturing (-8,8%) and construction (- 2,7%). Falls were also recorded in the wages and salaries sums in trade and other services, whereas in financial intermediation the wages and salaries sum grew slightly from twelve months back. In the private educational services sector and in private health and social work the growth in the wages and salaries sum slowed down slightly from the year before.

Year-on-year change in wages and salaries sum in the 7-9/2009 and 7-9/2008 time periods, % (TOL 2008)

Source: Wage and salary indices, Statistics Finland

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Director in charge: Hannele Orjala

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Appendix tables

Three-month moving change, cumulative change and change in the latest month, year-on-year, % (TOL 2008) (16.11.2009)

Figures

Trends in the sum of wages and salaries by industry (TOL 2008) (16.11.2009)

Updated 16.11.2009

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. September 2009. Helsinki: Statistics Finland [referred: 28.12.2024].
Access method: http://www.stat.fi/til/ktps/2009/09/ktps_2009_09_2009-11-16_tie_001_en.html