Households income and corporate profits

In the first quarter of 2014 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%, compared with 9.6% in the first quarter of 2013 and 10.2% in the previous quarter.

Gross disposable income of Consumer Households was unchanged with respect to the previous quarter, whereas final consumption expenditure increased by 0.2%. Compared with the first quarter of 2013 gross disposable income of Households increased by 0.6% and final consumption expenditure increased by 0.2%. Gross disposable income of Consumer Households in real terms declined by 0.1% compared with the previous quarter, and by 0.2% compared with the first quarter of 2013.

In the first quarter of 2014, the gross investment rate of Consumer Households (defined as gross fixed capital formation divided by gross disposable income) was 6.2%, compared with 6.3% in the first quarter of 2013 and unchanged with respect to the previous quarter. Gross fixed capital formation (GFCF) of Consumer Households declined by 0.9% compared with the previous quarter.