Households income and corporate profits

In the fourth quarter of 2013 the gross Consumer Households saving rate (defined as gross saving divided by gross disposable income, with the latter being adjusted for the change in the net equity of households in pension funds reserves) was 10.2%, compared with 8.5% in the fourth quarter of 2012 and 10.1% in the previous quarter.

Gross disposable income of Consumer Households and their final consumption expenditure are unchanged with respect to the previous quarter. Compared with the fourth quarter of 2012 gross disposable income of households increased by 1.1% whereas final consumption expenditure decreased by 0.7%. Gross disposable income of Consumer Households in real terms declined by 0.1% compared with the previous quarter but increased by 0.4% compared with the fourth quarter of 2012.

In the fourth quarter of 2013, the gross investment rate of Consumer Households (defined as gross fixed capital formation divided by gross disposable income) was 6.2%, unchanged with respect to the previous quarter. It decreased by 0.4 percentage points with respect to the fourth quarter of 2012; Gross fixed capital formation (GFCF) of Consumer Households declined by 4.7% compared with the fourth quarter of 2012.