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Thu, 14 Apr, 2016 02:01:58 AM
FTimes Report, Apr 14

The sum total of wages and salaries of the whole economy was 1,7 per cent greater in the past December to February period than in the corresponding period twelve months earlier, according to Statistics Finland.

The wages and salaries sum grew by 2,7 per cent in February alone from one year ago.

The wages and salaries sum of the whole economy increased by 2,7 per cent one year previously in December to February, the data show.

In November to January, the wages and salaries sum grew fastest in construction, where the growth amounted to 6.0 per cent from one year ago.

The wages and salaries sums of private health and social work (5.7 %), other services (3.2%), financial intermediation (2.3 %) and trade (1.1 %) also grew.

The wages and salaries sum of manufacturing remained at the same level as in the respective time period twelve month earlier.

The wages and salaries sum of private education (-1.0 %) declined from the respective time period twelve months earlier as per the statistics.

The wages and salaries sum in the private sector was 2.7 per cent greater in December to February than in the respective time period twelve months earlier.

In the public sector, the wages and salaries sum decreased by 0.3 per cent in the latest three-month period from twelve months back.

The wages and salaries sum in the private sector increased by 3.6 per cent and in the public sector by 1.2 per cent in February alone from one year earlier.

The wages and salaries sum decreased by 0.1 per cent in the public sector and grew by 1.3 per cent in the private sector in the December to February period one year ago.

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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