Wages, salaries up by 1.1% | business

Wed, 12 Nov, 2014 12:04:07 AM

FTimes Report, Nov. 12

Year-on-year change in wages and salaries sum in the 07-09/2014 and 07-09/2013 time periods, % (TOL 2008). Source: Wage and salary indices, Statistics Finland.

The sum of wages and salaries in the entire economy was 1.1 per cent greater in the July to September quarter than in the corresponding period 12 months earlier.

In September alone, the wage and salaries’ total amount in the whole economy grew by 1.6 per cent year-on-year, according to the Statistics Finland’s data.

In the July to September period one year ago, the wages and salaries sum grew by 1.4 per cent.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 07–09/2014 and 07–09/2013, % (TOL 2008 and S 2012). Source: Wage and salary indices, Statistics Finland.

The wages and salaries grew in the July to September period in all main industries with the exception of education services provided by the private sector (-0.1%), financial intermediation (-0.2%) and manufacturing (-0.3%), according to the statistics.

The growth in the wages and salaries sum was fastest in the private health and social work (4.7%), construction (1.9%) and other services (1.9%).

The wages and salaries sum grew by one per cent in the private sector.

One year ago, the wages and salaries sum grew by 2.0 per cent in the public sector and 1.2 per cent in the private sector, the data show.

Finland Times