Households' saving rate was negative in the first quarter of 2023release | Quarterly sector accounts 2023, 1st quarter
Households’ seasonally adjusted saving rate remained on level with the previous quarter in January to March. In January to March, the saving rate was -1.8 per cent. Consumption expenditure, which is directly affected by high inflation, grew in relative terms more than disposable income. Households’ investment rate decreased slightly from the previous quarter. These data derive from Statistics Finland’s quarterly sector accounts.
- The seasonally adjusted profit share of non-financial corporations decreased by -1.8 percentage points from the previous quarter and stood at 29.2 per cent. The investment rate of non-financial corporations remained on level with the previous quarter, at 29.3 per cent.
- Seasonally adjusted value added of financial and insurance corporations grew by 1.2 per cent and operating surplus increased by 1.4 per cent compared with the previous quarter.
- Consolidated total general government revenue at current prices increased by EUR 2.4 billion and consolidated total expenditure by EUR 2.2 billion compared to the quarter one year ago.
- Households' adjusted disposable income grew at current prices by 5.6 per cent and adjusted for price changes it decreased by –1.7 per cent compared to the quarter one year ago.
- Exports of goods and services at current prices increased by 6.1 per cent and imports contracted by 0.2 per cent from the quarter one year ago.
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