facebook
twitter
rss
account
search
search
 

Household savings rates drop in Europe

Oct. 29, 2013 at 12:28 PM   |   Comments

BRUSSELS, Oct. 29 (UPI) -- Household savings rates dropped in Europe in the second quarter, the European Commission's data agency said Tuesday.

The savings rate in the eurozone slipped from 13.1 percent in the first quarter to 12.8 percent in the second. In the European Union, the savings rate for households -- total savings as a percentage of disposable incomes -- fell from 11.1 percent to 10.7 percent.

Eurostat said household incomes rose 0.1 percent in the second quarter, while consumption increased 0.4 percent and household investment -- investment mainly in residential buildings -- fell 0.1 percent.

Household income also fell, however, when population is taken into account. Household income in the eurozone per capita fell 0.1 percent in the second quarter with the figure adjusted for inflation, Eurostat said.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Russian currency crashes Russian currency crashes
2
GenDyn UK picks Lockheed Martin for vehicle turrets GenDyn UK picks Lockheed Martin for vehicle turrets
3
Lockheed Martin, Roketsan collaborate on F-35 cruise missile Lockheed Martin, Roketsan collaborate on F-35 cruise missile
4
Thailand orders more aircraft from Airbus Helicopters Thailand orders more aircraft from Airbus Helicopters
5
Report: U.S. on path to energy independence Report: U.S. on path to energy independence
Trending News
Around the Web
x
Feedback