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109891
Higher savings in the 2nd quarter
statistikk
2013-08-22T10:00:00.000Z
National accounts and business cycles
en
knri, National accounts, non-financial sector accounts, households, non-profit organisations, disposable income, disposable real income, saving rate, income, expenditures, savings, FISIM, net financial investments, dividendsNational accounts , National accounts and business cycles
false

National accounts, non-financial sector accounts, Q2 2013

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Higher savings in the 2nd quarter

Disposable income in the household sector increased 1.2 per cent from the 1st to the 2nd quarter of 2013, according to seasonally-adjusted national accounts data. After adjusting for inflation, real disposable income remained unchanged compared with the previous quarter.

Compensation of employees , which is the largest income component of households, rose 1.4 per cent from the 1st to the 2nd quarter of 2013. Payments and benefits from general government were up 1.4 per cent in the same period. An increase in retirement pensions contributed to this growth. Property income received by the household sector rose 1.3 per cent and property income paid increased 6.4 per cent, which led to lower growth in disposable income . Households’ income from business activity was up 2.2 per cent in the 2nd quarter.

Household final consumption expenditures grew 0.7 per cent seasonally-adjusted, and this increase was slightly weaker than the growth in disposable income, which led to a higher saving in the 2nd quarter of 2013 compared with the 1st quarter of 2013.

Revisions

Quarterly 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.