Wed, 14 May, 2014 12:08:30 AM FTimes Report, May 14  Year-on-year change in wages and salaries sum in the 01-03/2014 and 01-03/2013 time periods, % (TOL 2008). Source: Statistics Finland. The wages and salaries sum of the whole economy was 0.7 per cent greater in the past January to March period than in the corresponding period twelve months earlier.
The Statistics Finland, however, showed that the wages and salaries sum of the whole economy fell by 1.1 per cent in March on the year-on-year basis.
The wages and salaries sum had grown by 0.2 per cent in the January to March period last year.
The wages and salaries sum grew in the January to March period in all main industries with the exception of the financial intermediation (-1.5 %) and manufacturing (-1.6 %).
The growth was fastest in the private health and social work (4.5 %) and construction (1.8 %). 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 January to March period.
Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 01–03/2014 and 01–03/2013, % (TOL 2008 and S 2012). Source: Statistics Finland. The wages and salaries sum in the private sector was 0.7 per cent greater in the January to March 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 January to March the wages and salaries sum of the public sector increased by 0.3 per cent year-on-year.
In March, the wages and salaries sum in the private sector fell by 2.0 per cent and in the public sector by 0.5 per cent from one year earlier.
In the January to March period one year ago, the wages and salaries sum grew by 0.4 per cent in the public sector and 0.3 per cent in the private sector.
The wages and salaries sum refers to the total of the gross wages and salaries paid to employees without incentive stock options.
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