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Home BUSINESSWage and salary up by 1.2%
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Fri, 29 Aug, 2014 12:04:36 AM
FTimes Report, August 29

The nominal earnings of wage and salary earners rose by 1.2 per cent in the April to June period this year when compared to the corresponding period of 2013.

According to preliminary data of Statistics Finland, real earnings rose by 0.3 per cent compared to the second quarter of the previous year, because the rise in earnings level was faster than that in consumer prices.

From April to June in 2013 to the respective period in 2014, the nominal earnings of wage and salary earners rose in the private sector by 1.6 per cent, in the central government sector by 0.4 per cent and in the local government sector by 0.4 per cent.

Wage and salary earners’ regular earnings rose by 1.2 per cent in April-June 2014 compared to the respective period in 2013. The increase was 1.6 per cent in the private sector, 0.4 per cent in the central government sector and 0.4 per cent in the local government sector.

The wages and salaries refer to earnings for regular working hours, exclusive of performance-based bonuses and other irregularly paid one-off items.

The nominal earnings of wage and salary earners rose by 1.3 per cent in July-September 2014 compared to the respective period in 2013.

According to preliminary data, the index of wage and salary earnings 2010=100 for the third quarter of 2014 is 109.9.
 

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