Household incomes grew in the EU, but their consumption decreased

The consumption of households in the European Union declined in the first quarter, despite the fact that their income slowed down but increased – Eurostat figures show.

The EU’s statistical office said on Friday that household consumption decreased by 0.2 percent in the EU-28 in the first three months of the year, compared to the 0.2 percent growth in the last quarter of last year.

The per capita real income of households, however, increased modestly, but the rate of growth decreased to 0.1 percent from the 0.2 percent of the previous quarter. (MTI)