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Home BUSINESSEarnings up by 1.1% in July–September
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Fri, 16 Oct, 2015 02:13:48 AM
FTimes Report, Oct 16
 
Year-on-year changes in index of wage and salary earnings 2000/1–2015/3, per cent. Source: Index of wage and salary earnings 2015, 3rd quarter. Statistics Finland.
The nominal earnings of wage and salary earners rose by 1.1 per cent in July–September 2015 compared to the corresponding in the year before, according to preliminary data of Statistics Finland.
 
Real earnings rose by 1.4 per cent compared with the third quarter of the previous year.
 
The rising of real earnings was affected by falling consumer prices, the data show.
 
Inflation was negative in July to September 2015.
 
The nominal earnings of wage and salary earners rose in the private sector by 1.2 per cent, in the central government sector by 1.3 per cent and in the local government sector by 0.7 per cent during the period from July–September 2014 to the respective period in 2015.
 
Wage and salary earners' regular earnings rose by 1.0 per cent in July–September 2015 when compared to the respective period in 2014.
 
The increase was 1.1 per cent in the private sector, 1.3 per cent in the central government sector and 0.7 per cent in the local government sector, according to the statistics.
 
Wage and salary earners' regular earnings refer to earnings for regular working hours exclusive of performance-based bonuses and other irregularly paid one-off items.
 
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