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This is an archived release.
Higher disposable income for households
Disposable income in the household sector increased by 0.5 per cent from the 1st to the 2nd quarter of 2012, according to seasonally-adjusted figures. Household’s savings were at the same high level as in the 1st quarter.
The largest contribution to the growth in disposable income came from compensation of employees, which rose 1.2 per cent from the 1st to 2nd quarter of 2012. Property income received increased by 0.9 per cent in the same period. A strong growth in property income paid, however, contributed to soften the growth in household disposable income. Payments and benefits from the general government, as well as mixed income, remained unchanged compared with the previous quarter.
Household’s savings were close to NOK 29 billion in the 2nd quarter, and the saving rate was 9.3 per cent. When adjusting for seasonal variations, household’s savings were slightly higher in the 2nd quarter than in the previous quarter.
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