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Home BUSINESSTotal payments up by 0.4% in August-October
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Sat, 12 Dec, 2015 12:03:05 AM
FTimes Report, Dec 12
 
Year-on-year change in wages and salaries sum in the 08-10/2015 and 08-10/2014 time periods, % (TOL 2008). Source: Wage and salary indices, Statistics Finland.
The wages and salaries sum of the whole economy was 0.4 per cent greater in the August to October period than in the corresponding period twelve months earlier, according to Statistics Finland.
 
In October alone, the sum total of wages and salaries increased by 0.6 per cent year-on-year. In August to October 2014, the wages and salaries sum of the whole economy grew by 1.3 per cent.
 
In the August to October period wages and salaries sum grew fastest in private health and social work services (2.7 %).
 
The wages and salaries sum also increased in other services (2.1 %), financial intermediation (2.1 %) and construction (1.1 %).
 
Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 08–10/2015 and 08–10/2014, % (TOL 2008 and S 2012). Source: Wage and salary indices, Statistics Finland.
Over the same period the wages and salaries sum decreased in trade (-0.1 %), manufacturing (-1.2 %) and education services provided by the private sector (-1.7 %) as per the data.
 
The wages and salaries sum in the private sector was 1.0 per cent greater in the August to October period than in the respective time period twelve months earlier.
 
Over the same period, the wages and salaries sum of the public sector declined by 0.9 per cent year-on-year.
 
In October alone, the wages and salaries sum in the private sector increased by 1.1 per cent. In the public  sector, wages and salaries sum declined by 1.0 per cent from one year earlier.
 
In the August to October period one year ago the wages and salaries sum grew by 1.9 per cent in the private sector and by 0.7 per cent in the public sector from the year before.
 
The wages and salaries sum refers to the sum total of the gross wages and salaries paid to employees without incentive stock options.
 
The sum total of pays is influenced by changes in employment and in the earnings level of wage and salary earners.
 
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