Wages, salaries grow by 4.3% in March-May

The wages and salaries sum of the whole economy was 4.3 per cent greater during the period from March to May this year, according to Statistics Finland.

In May alone, the wages and salaries sum of the whole economy increased by 6.2 per cent from one year ago.

One year previously in March to May the wages and salaries sum increased by 4.9 per cent.

Due to inadequate accumulation of data, no February to May data will be published for the public sector, so they are not included in the wages and salaries sum of the whole economy.

In March to May, the wages and salaries sum went up in all main industries.

The wages and salaries sum grew fastest in construction (7.5 %), private health and social work (6.8 %) and other services (5.1 %). The increase in the wages and salaries sum was most moderate in financial intermediation (1.5 %).

The wages and salaries sum grew by 4.7 per cent in the private sector in March to May year-on-year

The wages and salaries sum in the private sector was 4.7 per cent greater in March to May than twelve months earlier.

In May alone, the wages and salaries sum in the private sector grew by 6.8 per cent from one year earlier. In the March to May period one year ago, the wages and salaries sum increased by 6.2 per cent in the private sector.