Household saving rate up to 15.3% in the euro area (2024)

Euro indicators 4 July 2024 Next release: 4 October 2024

First release of non-financial sector accounts - first quarter of 2024

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Business profit share decreases to 39.5%

Announcement

Following recommendations for a harmonised European revision policy for national accounts and balance of payments, EU countries will carry out a benchmark revision of their national accounts estimates in 2024. The purpose of this benchmark revision is to implement changes introduced by the amended ESA 2010 regulation, and to incorporate new data sources and other methodological improvements. Most of the revised quarterly and annual country data are expected to be released by Eurostat between June and October 2024, and will be progressively integrated in European estimates. The impact of these revisions is expected to be limited, but still noticeable for some European aggregates and more pronounced for certain Member States. For further details, please consult the available documentation on Eurostat’s website.

Overview

The household saving rate in the euro area was at 15.3% in the first quarter of 2024 (compared with 14.1% in the fourth quarter of 2023). It represents the highest saving rate since 2021Q2.

These data come from a first release of seasonally adjusted quarterly European sector accounts from Eurostat, the statistical office of the European Union.

Household saving rate up to 15.3% in the euro area (1)

At the same time, the household investment rate in the euro area slightly decreased from 9.6% to 9.5% in the first quarter of 2024. It is the lowest value since 2021Q1.

Household saving rate up to 15.3% in the euro area (2)

In the first quarter of 2024, the profit share of businesses (non-financial corporations) decreased from 40.3% to 39.5% in the euro area. It is the lowest value since 2020Q2.