Household saving rate records slight increase in the euro area

Household saving rate records slight increase in the euro area

The household saving rate in the euro area was 13.1% in the third quarter of 2014, compared to 13.0% in the second quarter of 2014.

In the EU28, the household saving rate dropped to its record-low level, at 10.3% compared to 10.5% the previous quarter.

These data come from a detailed set of seasonally adjusted quarterly European sector accounts released by Eurostat, the statistical office of the European Union and the European Central Bank (ECB).

In the euro area, in real terms, household income per capita grew by 0.6% in the third quarter of 2014, after an increase of 0.3% in the previous quarter. This was the result of nominal income per capita (+0.6%) increasing at a higher pace than prices (+0.1%). Household real consumption per capita increased by 0.5%.
CNA/EK/AAR/2015,
ENDS, CYPRUS NEWS AGENCY