Families saving more money

By TPN/Lusa, in Business · 08-01-2021 01:00:00 · 0 Comments
Families saving more money

In the 12 months before September, households savings rate increased 0.3 percentage points, to 10.8 percent according to the Quarterly National Accounts by Institutional Sector released by the National Institute Statistics (INE).

“The household savings rate increased by 0.3 pp to 10.8 percent of the disposable income, as a result of the increase in income and the zero variation in consumption expenditure, (-3.5 percent in the previous quarter)”, states the document released by INE on 23 December, according to Lusa News Agency.

The statistical institute also states that the household surplus (financing capacity) was 4.3 percent in the same period, “0.3 pp more than in the previous quarter, as a result of the increase in disposable income (RD) by 0.5 percent”.

For the variationin disposable income “social benefits and income taxes contributed 0.3 and 0.2 pp respectively”, with the gross operating surplus (EBE) [difference between gross added value and costs and taxes] and the remunerations contribute “by -0.1 pp and 0.1 pp to the RD variation, respectively”.

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