The household saving rate in the eurozone in the fourth quarter of 2022 increased for the first time after six consecutive cuts, while the investment rate fell to 9.7%, Eurostat said this Wednesday.
The household savings rate accelerated to 14.1%, up from 15.3% in the fourth quarter of 2021 and 13.3% in the third quarter of 2022, according to the European Statistical Service.
The household investment rate in the euro area, in turn, decreased from 9.8% in the same period of the previous year and 10.0% in the third quarter of 2022.
In the same newsletter, Eurostat reports that the profit margin of companies (non-financial companies) in the euro area increased between October and December 2022 to 42.0%, compared to 41.1% in the same period and to 40.4% % from the previous quarter.
On the other hand, the investment rate of companies fell to 23.5% compared to 23.7% in the same period of the previous year and 25.4% registered in the third quarter of 2022.
Author: Portuguese
Source: CM Jornal
I’m Sandra Hansen, a news website Author and Reporter for 24 News Reporters. I have over 7 years of experience in the journalism field, with an extensive background in politics and political science. My passion is to tell stories that are important to people around the globe and to engage readers with compelling content.