HELSINKI: The wages and salaries sum of the whole economy was 1.4 per cent greater in the past October to December period than in the corresponding period twelve months earlier, according to Statistics Finland.
In December alone, the total amount of wages and salaries of the whole economy grew by 2.5 per cent from one year ago. One year previously in October to December, the wages and salaries increased by 1.1 per cent. In October to December, the sum total of wages and salaries grew fastest in construction, where the growth amounted to 5.6 per cent from one year ago.
The wages and salaries in private health and social work (4.1%), other services (3.0%), and financial intermediation (2.3%) also grew as per the statistics. The wages and salaries in manufacturing (-0.7%) and private education (-1.3%) declined compared to October to December 2014.
The wages and salaries in the private sector was 2.1 per cent greater in October to December than in the respective time period twelve months earlier.
In the public sector, the wages and salaries sum decreased by 0.5 per cent in the latest three-month period from twelve months back. In December alone, the wages and salaries in the private sector increased by 3.6 per cent and decreased in the public sector by 0.1 per cent from one year earlier, the data show.
In the October to December period one year ago, the amount of wages and salaries grew by 0.5 per cent in the public sector and by 1.5 per cent in the private sector. The wages and salaries sum refers to the sum total of the gross wages and salaries paid to employees without incentive stock options.
