Finland Wages & Salaries Fall Further In Q4

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Statistics Finland said on Tuesday that wage and salary earnings in the country slid 2% year-on-year in the December quarter, accelerating from the 1.5% fall in the previous quarter.

The growth in wages and salaries slowed down or turned negative in nearly all the main industries in the December quarter. Wages fell 9.8% annually in the manufacturing and was down 4.4% in the construction sector.

Wages increased only in the private educational services sector, up 7.1%, the statistical agency said.

Wages and salaries were down 1% in the whole of 2009 when compared to 2008.

Statistics Finland said on Tuesday that wage and salary earnings in the country slid 2% year-on-year in the December quarter, accelerating from the 1.5% fall in the previous quarter. (Market News Provided by RTTNews)