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Increased income and savings
Disposable income in the household sector increased by 2.6 per cent from the 4th quarter of 2011 to the 1st quarter of 2012.
Compensation of employees, which is the most important source of income for households, rose by 2.6 per cent in the 1st quarter of 2012, and was the largest contributor to the growth in disposable income. Payments and benefits from the general government also increased. However, higher property income paid and lower property income received contributed to soften the growth in disposable income.
Household consumption expenditure was up 1.8 per cent from the 4th quarter of 2011 to the 1st quarter of 2012. Households’ savings, which is measured by the difference between disposable income and consumption expenditure, was higher compared with the previous quarter.
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RevisionsQuarterly sector accounts are based on preliminary calculations. The uncertainty in the last quarter is the greatest. 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