Austria: Saving Grows Decently

Businessn.a. ♦ Published: October 22, 2013; 20:33 ♦ (Vindobona)

At the end of June, total savings reached € 490bn. In real terms, total savings shrink. Lending remains stable.

Austria: Saving Grows Decently / Picture: ©

Compared to the reference period of 2012, savings grew by 1.9% in the first half year of 2013. At the end of June 2012, total savings reached € 480bn. However, the inflation rate is slightly above the growth rate. In real term, savings were down 0.3% in the first six months of 2013.

What is more, bank deposits decrease. In the last four quarters, total bank deposits were down…