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/en/nasjonalregnskap-og-konjunkturer/statistikker/knri/kvartal
131754
Reduced savings in the household sector
statistikk
2013-11-21T10:00:00.000Z
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
Quarterly sector accounts show the economic transactions of the household sector. Household final consumption expenditures grew 1.4 per cent in the 3rd quarter of 2013, which led to reduced saving

National accounts, non-financial sector accounts, Q3 2013

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Reduced savings in the household sector

Disposable income in the household sector increased 0.1 per cent from the 2nd to the 3rd quarter of 2013 according to seasonally-adjusted figures. A growth in household final consumption expenditures led to reduced saving.

Compensation of employees and payments and benefits from general government were up 0.3 per cent from the 2nd to the 3rd quarter. Property income received, which mainly consists of income from interest and dividends, decreased by 0.2 per cent, while property income paid increased by 0.8 per cent in the same period.

Household final consumption expenditures grew 1.4 per cent seasonally-adjusted, which led to a reduced saving in the 3rd quarter compared with the 2nd quarter. The saving ratio was 8.2 per cent in the 3rd quarter, with adjustments for seasonal variations. For the first time since Q4 2011, households’ real disposable income decreased.

A slightly weaker investment in non-financial capital, together with a lower saving led to a decrease of NOK 3.9 billion in net lending.

It should be noted that final annual figures for 2011 for the household sector have been revised and incorporated into the quarterly national accounts. For an overview of the main revisions in the yearly figures, please see Annual non-financial sector accounts .

RevisionsOpen and readClose

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.

Planned changes in the national accounts statisticsOpen and readClose

New revised figures for national accounts and related statistics will be published in November and December 2014. Statistics Norway complies with international guidelines in its preparation of national accounts and statistics on foreign affairs. New international guidelines have now been issued for these statistics. Statistics Norway is currently in the process of implementing the changes, in addition to new source data for some of the statistics.