Home > Statistics > Wage and salary indices > 2014 > February > Wages and salaries sum grew by 1.7 per cent year-on-year in December to February

Published: 10 April 2014

Wages and salaries sum grew by 1.7 per cent year-on-year in December to February

According to Statistics Finland, the wages and salaries sum of the whole economy was 1.7 per cent greater in the past December to February period than in the corresponding period twelve months earlier. In February alone, the wages and salaries sum of the whole economy grew by 0.8 per cent year-on-year. In the December to February period one year ago, the wages and salaries sum grew by 1.1 per cent.

Year-on-year change in wages and salaries sum in the 12/2013-02/2014 and 12/2012-02/2014 time periods, % (TOL 2008)

The wages and salaries sum grew in the December to February period in all main industries with the exception of the financial intermediation (-1.7%). The growth was fastest in the private health and social work (4.8 %) and construction (4.7 %). There was one Friday more in January 2014 than in January 2013, which boosted the growth of the wages and salaries sum in several industries in the December to February period.

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.

The wages and salaries sum grew by 2.0 per cent in the private sector in December to February year-on-year

The wages and salaries sum in the private sector was 2.0 per cent greater in the December to February period than in the respective time period twelve months earlier. The growth was slightly stronger than for wages and salaries in the public sector and in December to February the wages and salaries sum of the public sector increased by 1.1 per cent year-on-year. In February alone, the wages and salaries sum in the private sector grew by one per cent and in the public sector by 0.1 per cent from one year earlier. In the December to February period one year ago the wages and salaries sum grew by 1.1 per cent in the public sector and fell by 0.4 per cent in the private sector.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 12/2013–02/2014 and 12/2012–02/2013, % (TOL 2008 and S 2012)

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 and sector, % (TOL 2008 and S 2012) (10.4.2014)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (10.4.2014)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (10.4.2014)

Revisions in these statistics

• Revisions in these statistics (10.4.2014)

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Updated 10.4.2014