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Home BUSINESSWage and salary grow slightly during March-May
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Mon, 14 Jul, 2014 12:06:49 AM
FTimes Report, July 14
Year-on-year change in wages and salaries sum in the 03-05/2014 and 03-05/2013 time periods, % (TOL 2008). Source: Statistics Finland.
The sum total of wages and salaries of the whole economy grew by 0.2 per cent during March to May period compared to that of the corresponding period one year earlier, according to the Statistics Finland.
 
The wages and salaries sum of the whole economy grew by 0.9 per cent year-on-year in May alone. But the amount grew by 1.6 per cent during the respective time period one year ago, the data shows.
 
The wages and salaries sum refers to the sum total of the gross wages and salaries paid to employees without incentive stock options.
 
Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 03–05/2014 and 03–05/2013, % (TOL 2008 and S 2012). Source: Statistics Finland.
The total amount of wages and salaries grew in the March to May period in all major industries with the exception of manufacturing, where the wages and salaries sum contracted by 1.8 per cent from twelve months back.
 
The wages and salaries sum grew by 0.4 per cent in the private sector than in the respective time period twelve months earlier.
 
The growth in the wages and salaries sum was fastest in the private health and social work (3.6%) and trade (1.6 %).

In the public sector, the wages and salaries sum decreased by 0.7 per cent in the latest three-month period from twelve months back. In May alone, the pay amount in the private sector grew by 1.5 per cent and fell in the public sector by 0.5 per cent from one year earlier.
 
The wages and salaries sum grew by 1.8 per cent in the public sector and 1.7 per cent in the private sector in the March to May period one year ago, according to the statistics.
 
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