Saving in Austria Decreases

BusinessEconomy ♦ Published: April 7, 2011; 07:12 ♦ (Vindobona)

According to Statistics Austria, Household saving rate down to 9.1% in 2010.

Saving in Austria Decreases / Picture: ©

In 2010, the net saving rate of households in Austria was 9.1%. Thus, the savings rate dropped down significantly - compared to 11.1% in 2009 and 11.8% in 2008. According to the provisional results of Statistics Austria’s quarterly sector accounts, final consumption of the household sector grew by 2.6% in nominal terms, whereas household disposable income increased by only…