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Eurozone household savings rate stable at 13 pct
Last Updated: 2014-07-29 21:33 | Xinhua
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The household saving rate in the eurozone remained stable at 13 percent in the first quarter of 2014, Eurostat, the statistical office of the European Union, and the European Central Bank (ECB) said on Tuesday.

Meanwhile, in the 28-nation EU, the household saving rate was 10.6 percent, also stable compared with the previous quarter. The household investments rate remained at low levels in both zones.

In the euro area, the household investment rate was 8.5 percent, compared with 8.4 percent in the previous quarter. In the EU, it stood at 7.9 percent, unchanged from the fourth quarter of 2013.

Due to the positive contributions of wages, gross operating surplus and mixed income and social transfers, the eurozone household income in nominal terms rose by 0.3 percent in the first quarter of 2014.

Meanwhile, consumption increased by 0.3 percent and investment (gross fixed capital formation, mostly in dwellings) rose by 0.7 percent.

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