Home > Statistics > Wage and salary indices > 2015 > May > Wages and salaries sum grew by 2.1 per cent year-on-year in March to May

Published: 10 July 2015

Wages and salaries sum grew by 2.1 per cent year-on-year in March to May

According to Statistics Finland, the wages and salaries sum of the whole economy was 2.1 per cent greater in the past March to May period than in the corresponding period twelve months earlier. In May alone, the wages and salaries sum of the whole economy contracted by 0.1 per cent year-on-year. In the March to May period one year ago, the wages and salaries sum fell by 0.1 per cent.

Year-on-year change in wages and salaries sum in the 03/2015-05/2015 and 03/2014-05/2014 time periods, % (TOL 2008)

The wages and salaries sum grew in the March to May period in all main industries with the exception of education services provided by the private sector that remained on level with the previous year. The growth in the wages and salaries sum was fastest in private health and social work (3.9 %), construction (3.7 %) and other services (3.1 %).

The wages and salaries sum grew by 2.9 per cent in the private sector in March to May year-on-year

The wages and salaries sum in the private sector was 2.9 per cent greater in the March to May period than in the respective time period twelve months earlier. In the public sector, the wages and salaries grew by 0.9 percent in the latest three-month period. In May alone, the wages and salaries sum in the private sector contracted by 0.5 per cent and in the public sector grew by 0.2 per cent. In the March to May period one year ago the wages and salaries sum decreased by 0.7 per cent in the public sector and grew by 0.2 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 03/2015-05/2015 and 03/2014-05/2014, % (TOL 2008 and S 2012)

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: Suvi Kiema 029 551 2738, Leo Leinonen 029 551 3926 , 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) (10.7.2015)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (10.7.2015)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (10.7.2015)

Revisions in these statistics

• Revisions in these statistics (10.7.2015)

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Updated 10.7.2015