Home > Statistics > Wage and salary indices > 2013 > July > Wages and salaries sum grew by 1.9 per cent year-on-year in May to July

Published: 10 September 2013

Wages and salaries sum grew by 1.9 per cent year-on-year in May to July

According to Statistics Finland, the wages and salaries sum of the whole economy was 1.9 per cent greater in the past May to July period than in the corresponding period twelve months earlier. In July alone, the wages and salaries sum of the whole economy grew by 2.6 per cent year-on-year. In the May to July period one year ago, the wages and salaries sum grew by 3.3 per cent.

Year-on-year change in wages and salaries sum in the 5-7/2013 and 5-7/2012 time periods, % (TOL 2008)

The wages and salaries sum grew in the May to July period in all main industries with the exception of manufacturing, where the wages and salaries sum contracted by 1.9 per cent from twelve months back. The wages and salaries sum grew fastest in private health and social work services (+5.5%).

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: Godfrey Lowndes 09 1734 3423, palvelut.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Year-on-year change in the sum of wages and salaries by industry, % (TOL 2008) (10.9.2013)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (10.9.2013)

Revisions in these statistics

• Revisions in these statistics (10.9.2013)

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Updated 10.9.2013