Household disposable income increased between the end of June and the end of September, according to figures from the Central Statistics Office.

On a seasonally adjusted basis, the quarterly gross disposable income of households in the third quarter of 2013 increased by €164m to €21.56 billion compared to the result for the second quarter of just below €21.4 billion.

Household expenditure increased by €215m in the quarter to €19.75 billion over this same period.

As a result, gross household saving decreased by €51m in the quarter.
The gross saving ratio, which expresses saving as a percentage of gross disposable income, decreased from 8.7% in the second quarter to 8.4% in the third quarter.

Increased saving for the overall economy

Gross saving for the total economy increased by €1.64 billion in the year to the end of September 2013 bringing the total to €7.8 billion.

Net government borrowing decreased bringing the saving deficit of the government from €3.47 billion at the end of September 2012 to €2.84 billion at the end of September last.

The reduction was mainly due to an increase in taxes paid on production and imports.