BUSINESS

Eurostat: Saving advances within the EU and investments decrease

The households’ gross savings rate within the European Union (EU) advanced, over the last quarter of 2008, by 1.4 per cent compared to the previous quarter, to 12.2 per cent, whereas the gross investments of companies decreased by 1 per cent over the same time period, to 22.8 per cent, Eurostat indicates, cited by Realitatea.net. The data released by the European statistics office outline also that, in the past quarter, the gross saving rate within the EU households was over the saving rate during the same quarter of 2007, 10.7 per cent, whereas the rate of gross investments made by the EU non – financial companies diminished by 0.7 per cent compared to the same quarter of 2007. Over October – December 2008, the level of investments made by households diminished by 0.7 per cent compared to the previous quarter and by 1.2 per cent compared to the same time interval of 2007. Within the EUR zone, the households’ gross saving rate advanced, in the fourth quarter of 2008, by 1 per cent as against the previous one. Regarding the investments made by households within the EUR zone, they reduced in the last quarter of the previous year by 0.5 per cent as against the previous quarter. The downward trend was stronger compared to the fourth quarter of 2007, when the investment rate was 10.7 per cent.

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