Households’ saving rate fell in the fourth quarter of 2022release | Quarterly sector accounts 2022, 4th quarter
According to Statistics Finland,households’ seasonally adjusted saving rate fell slightly in October to December from the previous quarter. In October to December, the saving rate was -3.5 per cent. Consumption expenditure, which is directly affected by high inflation, grew in relative terms more than disposable income. Households’ investment rate remained roughly on level with the previous quarter.
- The profit share of the non-financial corporations sector grew from the previous quarter and stood at 31.2 per cent. The investment rate of the non-financial corporations sector grew slightly from the previous quarter's level, being 29.8 per cent.
- Seasonally adjusted value added of financial and insurance corporations grew by 1.5 per cent and operating surplus increased by 2.1 per cent compared with the previous quarter.
- The difference between revenue and expenditure, that is, the deficit of general government was EUR 0.5 billion.
- Households' adjusted disposable income grew at current prices by 3.4 per cent and adjusted for price changes it diminished by –2.0 per cent compared to the quarter one year ago.
- The current account was slightly in deficit in the last quarter of 2022.
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