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Home News Europe Household Saving Rate Down to 12.2% in the Euro Area and to 10.7% in the EU27


Household Saving Rate Down to 12.2% in the Euro Area and to 10.7% in the EU27
added: 2013-05-07

In the fourth quarter of 2012, the household saving rate in the euro area was 12.2%, compared with 12.8% in the third quarter of 2012. In the EU27, the household saving rate was 10.7%, compared with 11.0% in the previous quarter.

Household investment rate remained at low levels in both zones

In the EU27, the household investment rate was 8.1% in the fourth quarter of 2012, compared with 8.0% in the third quarter of 2012. In the euro area, the household investment rate was 8.9%, stable compared with the previous quarter.

In the euro area, in nominal terms, household income fell by 0.5% in the fourth quarter of 2012, while consumption increased by 0.1% and investment (gross fixed capital formation, mostly in dwellings) fell by 0.2%.

In the euro area, in nominal terms, the decrease in household income (-0.5%) was due to the negative contributions of wages (-0.3 percentage points), taxes (-0.2 pp) and gross operating surplus and mixed income (-0.1 pp) while social benefits (+0.1 pp) contributed positively.

Household real income per capita down in the euro area

In the euro area, household income per capita fell by 1.1% in real terms in the fourth quarter of 2012, after a decrease of 0.4% in the previous quarter. This fall was the result of a drop in nominal income per capita (-0.6%) while prices increased (+0.5%). Household real consumption per capita decreased (-0.5%).


Source: Eurostat

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