In the third quarter of 2012 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 8.9%, compared with 8.6% in the third quarter of 2011 and 8.1% in the previous quarter.
Gross disposable income of Consumer Households increased by 0.5% with respect to the previous quarter whereas final consumption expenditure declined by 0.4%. Compared with the third quarter of 2011 gross disposable income of households fell by 1.9% and final consumption expenditure decreased by 2.2%. Gross disposable income of Consumer Households in real terms declined by 0.1% compared with the previous quarter, and by 4.4% compared with the third quarter of 2011.
In the third quarter of 2012, the gross investment rate of Consumer Households (defined as gross fixed capital formation divided by gross disposable income) was 6.7%, compared with 6.9% in the third quarter of 2011 and 6.8% in the previous quarter. Gross fixed capital formation (GFCF) of Consumer Households declined by 0.8% compared with the previous quarter.