The savings rate of households in the euro zone increased to 14.8% in the second quarter and the investment rate fell to 9.8%, according to data published this Thursday by the European statistical service, Eurostat.
Between May and June, the savings rate was 14.8%, compared to 13.6% in the same quarter of 2022 and the 14.5% registered in the first three months of 2023.
At the same time, the household investment rate in the euro area fell to 9.8%, compared to 10.4% last year and 10.1% in the previous quarter.
In the same bulletin, Eurostat also publishes data on companies in all 20 eurozone countries, which indicate that the profit margin fell to 40.8% (41.2% in the second quarter of 2022 and 41. 1% in the first of this year) and the investment rate remained stable at 23.4% year-on-year, but below the 23.8% of the first three months of the year.
Source: TSF
