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)
Related news
At the EU level, the increase in performance of domestic livestock breeding is also outstanding
The performance of the Hungarian pig, poultry and dairy sectors…
Read more >Promotional Budget Cuts Could Impact EU Fruit And Vegetable Consumption: Freshfel Europe
The European Commission’s plan to redirect funds allotted for the…
Read more >The producer price of lamb increased by 20 percent
According to data from the European Commission, the European Union’s…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >