Households income and corporate profits

In the third quarter of 2011 the gross household 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 11.6%, compared with 11.7% in the previous quarter and with 11.7% in the third quarter of 2010.

In the third quarter of 2011 and compared with the previous quarter, gross disposable income of households increased by 0.3% while final consumption expenditure increased by 0.4%. Compared with the third quarter of 2010 gross disposable income of households increased by 2.7%, while final consumption expenditure increased by 2.8%. Gross disposable income of households in real terms declined by 0.3% compared with the previous quarter, and by 0.1% compared with the third quarter of 2010.

The gross investment rate of households (defined as gross fixed capital formation 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%, held steady compared with the previous quarter and compared with 10.1% in the third quarter of 2010.

In the third quarter of 2011 and compared with the previous quarter, gross fixed capital formation (GFCF) of households declined by 0.3%.