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Home BUSINESSSum total of pays goes up by 1.2 % in May-July
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Sat, 12 Sep, 2015 01:29:33 AM

The sum total of wages and salaries of the whole economy was 1.2 per cent higher in the May to July period than in the corresponding period of the previous year, according to Statistics Finland's data.

 The growth in the pays was fastest in the construction (4.7 %).

 In July alone the wages and salaries sum of the whole economy grew by 2.5 per cent from one year ago, the statistics show.

There was one Friday more in July 2015 than in July 2014, which boosted the growth of the wages and salaries sum in several industries.

 In May to July period one year ago, the wages and salaries sum of the whole economy increased by 0.3 per cent.
The wages and salaries sum grew in the May to July period in all main industries with the exception of education services provided by the private sector (-0.5 %) and manufacturing (-0.8 %).

 In addition to construction, the wages and salaries sum also increased in other services by 2.9 %, private health and social work by 2.7 %, financial intermediation 2.2% and trade by 0.9%.

The wages and salaries paid in the private sector was 1.9 per cent greater in the May to July period than in the respective time period twelve months earlier. At the same time, the wages and salaries sum in the public sector fell by 0.1 per cent year-on-year.

 In July alone the wages and salaries sum of the private sector grew by 4.7 per cent and fell by 0,7 per cent in the public sector.

 In the May to July period one year ago, the wages and salaries sum grew by 0.9 per cent in the private sector and fell by 0.1 per cent in the public sector from one year back.
The wages and salaries sum refers to the sum total of the gross wages and salaries paid to employees without incentive stock options.  

 
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