Saving Rate Falls

Businessn.a. ♦ Published: April 5, 2012; 13:44 ♦ (Vindobona)

2011: Household saving rate down to 7.5% in Austria.

Saving Rate Falls / Picture: ©

In 2011, the net saving rate of private households in Austria was 7.5%, compared to 8.3% in 2010 and 10.7% in 2009. In the Eurozone, the saving rate was 8.2% last year. According to the provisional results of Statistics Austria’s quarterly sector accounts, final consumption of the household sector grew by 3.5% in nominal terms, whereas household disposable income increased by…