Wages up 3.1 per cent in oil and gas
Labour market and earnings
lonnkvart, Wage index, wage development, main business sectors (for example manufacturing, building and construction, oil)Earnings and labour costs, Labour market and earnings

Wage indexQ4 2012, preliminary figures



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Wages up 3.1 per cent in oil and gas

Preliminary figures for average basic salaries for full-time employees in oil and gas extraction and mining showed a 3.1 per cent increase between the 3rd quarter of 2012 and the 4th quarter of 2012. Equivalent figures for the fourth quarter of 2011 showed an increase of 0.8 per cent.

Wage index, percentage change from last quarter
3rd quarter 2011 - 4th quarter 20113rd quarter 2012 - 4th quarter 2012
Oil and gas extraction and mining0.83.1
Electricity, gas and steam1.61.8
Water supply, sewerage, waste1.92.3
Wholesale and retail trade0.81.1
Transportation and storage1.11.0
Hotels and restaurants0.91.3
Information and communication0.21.0
Real estate activities0.40.6
Professional, scientific and technical activities1.61.3
Administrative and support service activities1.31.2
Human health and social work activities0.30.8
Arts, entertainment and recreation0.81.2
Personal service activities1.20.7

The statistics present the quarterly wage development within different industries. The index measures the change in wages based on data reported by the end of the quarter, regardless of the timing of the wage settlement. The wage development varies both between industries and between quarters throughout the year.

The purpose of the wage index is to measure wage changes throughout the year. The change is measured for two main indices; basic monthly salaries and monthly earnings. The index for monthly earnings includes basic salaries, variable additional allowances and bonuses.

The variable additional allowances and bonuses are computed as an average for the current quarter, thus the timing of disbursements of bonuses, for instance, can influence the index and greater fluctuations might therefore arise between the quarters.