eurostat - Impact of COVID-19 on household consumption and savings

10 May 2021 |

The EU household saving rate continued with a large year-over-year increase in the fourth quarter of 2020, climbing +6.6 percentage points (pp) higher than it was one year ago.

The main reason for the year-on-year increase is that household final consumption expenditure was 7.0% lower in the EU than it was one year ago. Household gross disposable income was 0.6% higher in the fourth quarter of 2020 (compared with the fourth quarter of 2019).

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