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Published:
This is an archived release.
Slight decrease in households’ savings
Households’ disposable income increased by 0.4 per cent from the 1st to the 2nd quarter of 2011, according to seasonally-adjusted figures.
The largest contributor to the growth in disposable income was property income received. Property income paid also increased, however, since income received increased more, the net effect was positive. There was also a slight increase in compensation to employees after tax, while payments and benefits from the general government decreased accordingly.
Households’ savings were close to NOK 25 billion in the 2nd quarter. When adjusting for seasonal variations, the savings were slightly lower compared with the previous quarter.
The savings’ share of disposable income, the saving ratio, was 8.5 per cent in the 2nd quarter, without adjustment for seasonal variations.
RevisionsQuarterly sector accounts are based on preliminary calculations. The uncertainty in the last quarter is the largest. New information is continuously being integrated into the figures, which could cause revisions in the previously released data. Quarterly sector accounts are also consolidated against the data from the quarterly national accounts data. When the last quarters of the unadjusted series are updated, seasonally-adjusted series may also be revised backwards.
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Contact
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Pål Sletten
E-mail: pal.sletten@ssb.no
tel.: (+47) 99 29 06 84
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Nils Amdal
E-mail: nils.amdal@ssb.no
tel.: (+47) 91 14 91 46