previous quarter.
In the EU28, the household investment rate remained stable at 7.9% in the first quarter of 2014, compared with the fourth quarter of 20133. In the euro area, the household investment rate was 8.5%, compared with 8.4% in the previous quarter.
In the euro area in the first quarter of 2014, in nominal terms, household income8 rose by 0.3%, consumption by 0.3% and investment (gross fixed capital formation, mostly in dwellings) by 0.7%.
In the euro area, in nominal terms, the increase in household income (+0.3%) was due to the positive contributions of wages9 (+0.3 pp), gross operating surplus and mixed income (+0.2 pp) and social transfers in kind (+0.1 pp), while social benefits and taxes (both -0.1 pp) contributed negatively.
Household real income per capita unchanged in the euro area
In the euro area, in real terms, household income per capita was unchanged in the first quarter of 2014, after an increase of 0.2% in the previous quarter. This was the result of nominal income per capita increasing at the same pace as prices (+0.2%). Household real consumption per capita also remained stable.
