Home > Statistics > Wage and salary indices > 2016 > December > Wages and salaries sum grew by 1.3 per cent year-on-year in October to December

Published: 13 February 2017

Wages and salaries sum grew by 1.3 per cent year-on-year in October to December

According to Statistics Finland, the wages and salaries sum of the whole economy was 1.3 per cent greater in the past October to December period than in the corresponding period twelve months earlier. In December alone, the wages and salaries sum of the whole economy grew by 1.2 per cent from one year ago. One year previously in October to December, the wages and salaries sum of the whole economy increased by 0.8 per cent.

Year-on-year change in wages and salaries sum in the 10-12/2016 and 10-12/2015 time periods, % (TOL 2008)

In October to December, the wages and salaries sum grew fastest in construction, where the growth amounted to 4.0 per cent from one year ago. The wages and salaries sums of private health and social work (3.4%), other services (3.1%), financial intermediation (2.7 %) and trade (1.7 %) also grew. The wages and salaries sums of manufacturing (-1.6 %) and private education (-2.2%) declined compared to October to December 2015.

The wages and salaries sum grew by 1.9 per cent in the private sector in October to December year-on-year

The wages and salaries sum in the private sector was 1.9 per cent greater in October to December than in the respective time period twelve months earlier. In the public sector, the wages and salaries sum decreased by 0.2 per cent in the latest three-month period from twelve months back. In December alone, the wages and salaries sum in the private sector increased by 2.2 per cent and decreased in the public sector by 1.2 per cent from one year earlier. In the October to December period one year ago, the wages and salaries sum grew by 1.8 per cent in the private sector and decreased in the public sector by 0.8 per cent compared to October to December 2014.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 10–12/2016 and 10–12/2015, % (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.

An error was detected in the treatment of closures of small enterprises in the wage and salary indices for the statistical reference months 9 to 11/2016. A correction was made to the calculation method, which in this release causes larger data revisions than usual for some of the wage and salary indices' industries in the period mentioned above.

Source: Wage and salary indices, Statistics Finland

Inquiries: Katja Äijö 029 551 2659, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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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) (13.2.2017)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (13.2.2017)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (13.2.2017)

Revisions in these statistics

• Revisions in these statistics (13.2.2017)

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Updated 13.2.2017