Euro household saving rate down – disposable income falls

Household saving rate down

  • In the third quarter of 2011, the gross saving rate of households was 10.9% in the EU27, compared with 11.7% in the second quarter of 2011
  • In the euro area, the household saving rate was 13.3% in the third quarter of 2011 compared with 13.7% in the previous quarter
  • In the euro area, household disposable income fell by 0.4% in real terms, after a decrease of 0.1% in the previous quarter
  • Real income fell in the euro area due to a decrease in nominal income (-0.1%) while prices rose (+0.4%)