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.