Published: 27 September 2019

Profit share of non-financial corporations sector remained on level with the previous quarter in the second quarter of 2019

The profit share of the non-financial corporations sector remained on level with the previous quarter and the investment rate continued growing. Households’ saving rate improved slightly in April to June from the previous quarter. The saving rate calculated from seasonally adjusted data improved, even though consumption expenditure increased, as disposable income increased more compared with the previous quarter. Households’ investment rate decreased slightly. These data derive from Statistics Finland’s quarterly sector accounts.

Key indicators for households and non-financial corporations, seasonally adjusted

Key indicators for households and non-financial corporations, seasonally adjusted

In April to June, households' saving rate grew by 2.0 percentage points to 1.9 per cent. The saving rate refers to the share of households’ savings of disposable income. Households’ investment rate decreased slightly and stood at 14.0 per cent. Most of households' investments are investments in dwellings. Households' adjusted disposable income adjusted for price changes grew by 2.7 per cent from the corresponding quarter in 2018. Adjusted income is the indicator recommended by the OECD for evaluating the economic well-being of households. Adjusted disposable income is derived by adding individual services produced by the public sector, such as education, health and social services, to the disposable income of households.

In the second quarter of 2019, the profit share of non-financial corporations, or the share of operating surplus describing profits in value added, stood at 32.7 per cent, which was the same as in the previous quarter. The investment rate of non-financial corporations, or the proportion of investments in value added, fell by 0.2 percentage points to 26.3 per cent.

The key figures were calculated from seasonally adjusted time series. Sector accounts are calculated only at current prices. However, a volume indicator describing the development adjusted for price changes is calculated for households' adjusted disposable income in a separate Appendix table. The profit share, saving rate and investment rate are calculated from net figures, which means that consumption of fixed capital is taken into account. Households do not include non-profit institutions serving households.

The level revised time series of the national accounts released on 20 September also affect the quarterly figures of the national accounts. The effects are primarily visible as level changes but in some cases also in the quarterly distribution of a particular year.


Source: Sector accounts, Statistics Finland

Inquiries: Jarkko Kaunisto 029 551 3551, Katri Soinne 029 551 2778, kansantalous.suhdanteet@stat.fi

Director in charge: Ville Vertanen

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Updated 27.9.2019

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly sector accounts [e-publication].
ISSN=2243-4992. 2nd quarter 2019. Helsinki: Statistics Finland [referred: 22.11.2019].
Access method: http://www.stat.fi/til/sekn/2019/02/sekn_2019_02_2019-09-27_tie_001_en.html