Household savings rate steady in euro zone in Q1

Tuesday 29 July 2014 18.41
The savings rate in the first three months stood at 13%, showing little change from the last quarter of 2013
The savings rate in the first three months stood at 13%, showing little change from the last quarter of 2013

The rate of household savings in the euro zone held steady in the first three months of 2014, according to new figures from the EU statistics agency, eurostat.

The savings rate stood at 13%, showing little change from the final quarter of 2013.

Household income in nominal terms rose by 0.3% in the euro zone in the first three months.

Consumption was 0.3% higher while investment rose by 0.7%.

The increase in household income was mainly due to the positive contributions of wages.

Social benefits and taxes both contributed negatively.