Wages, salaries grow by 4.4% in Q3

The wages and salaries sum of the whole economy was 4.4 per cent greater in the July to September period than in the corresponding period twelve months earlier, according to Statistics Finland.

In September, the wages and salaries sum of the whole economy grew by 2.3 per cent from the year before.

One year previously in the July to September period, the wages and salaries sum of the whole economy increased by 1.2 per cent.

The wages and salaries sum grew in all main industries in July to September. The wages and salaries sum grew most in the industries of construction (6.3%), other services (6.1%), private health and social work (5.8%), trade (3.7%) and manufacturing (3.6%). The wages and salaries sum rose most moderately in private education (0.9%) and financial intermediation (0.6%).

Wages and salaries sum grew by 5.5 per cent in the private sector in July to September from one year back

The wages and salaries sum in the private sector was 5.5 per cent greater in July to September compared to one year ago.

In the public sector the growth was 2.8 per cent compared to the July to September period one year previously. In September, the wages and salaries sum in the private sector increased by 2.1 per cent and in the public sector by 3.3 per cent from one year earlier.

In the July to September period one year ago, the wages and salaries sum grew by 2.8 per cent in the private sector, while in the public sector the wages and salaries sum decreased by 2.2 per cent year-on-year.