Increase in Household Disposable Income and Savings Rate: A Detailed Analysis

2023-10-24 09:43:00

The disposable income of households increased by 1.8%, while their consumption expenditure recorded a clear slowdown (+0.3%), which boosted the savings rate.

Furthermore, the household investment rate (which includes the construction and renovation of housing and the gross fixed capital formation of the self-employed and NPIs serving households) fell to 8.8% in the 2nd quarter of this year, compared to 9.1% in the previous quarter, according to the two organizations.

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#Household #savings #rate #continues #rise

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Alexandra Hartman Editor-in-Chief

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