Wages, salaries decrease in April

By Logan Andersson On Jun 12, 2024

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The working day adjusted wages and salaries sum of the whole economy was 0.9 per cent lower in April 2024 than in April 2023, according to Statistics Finland.

The seasonally adjusted wages and salaries sum of the whole economy increased by 0.2 per cent in April from the month before.

The working day adjusted wages and salaries sum decreased in the industry of construction by 6.0 per cent in April 2024 year-on-year.

The working day adjusted wages and salaries sum decreased in the private sector by 2.7 per cent from the previous year.

The working day adjusted wages and salaries sum increased in the public sector by 3.7 per cent from the previous year.

The working day adjusted wages and salaries sum was 2.7 per cent lower in the private sector in April than twelve months earlier.

In the private sector, the seasonally adjusted wages and salaries sum decreased by 1.2 per cent and in the public sector it increased by 0.9 per cent in April from the month before.

The wages and salaries sum decreased in April 2024 in several main industries compared to April 2023.

The working day adjusted wages and salaries sum grew fastest in the industry of financial and insurance (6.9 %). The wages and salaries sum increased more moderately in the industries of private health and social work (1.7 %) and private education (0.5 %) but decreased in the industries of construction (6.0 %), trade (2.5 %), manufacturing (2.3 %) and other services (0.2 %).

Source: www.dailyfinland.fi