Household savings in the euro area have declined significantly but remain high
Euro area household savings rates declined significantly, but remained high in the third quarter of last year.
According to a report released by the Statistical Office of the European Union (Eurostat) on Wednesday, the seasonal adjustment in household savings fell by 7.3 percentage points to 17.3 percent from 24.6 percent in the second quarter.
A year before, in the third quarter of 2019, the indicator was 4.4 percentage points lower at 12.9 percent. (MTI)
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