Households’ saving rate fell in the third quarter of 2022release | Quarterly sector accounts 2022, 3rd quarter
Household debt has been corrected in tables 11ii and 122a following a technical error for quarters 2022Q1-2022Q3Read more about the correction
According to Statistics Finland, households’ seasonally adjusted saving rate fell in July to September from the previous quarter. In July to September, 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 non-financial corporations fell from the previous quarter and stood at 32.5 per cent. The investment rate of the non-financial corporations sector remained on the level of the previous quarter, being 26.3 per cent.
- The profit share of non-financial corporations fell by 1.9 percentage points from the previous quarter. The investment rate of the non-financial corporations sector remained unchanged.
- The seasonally adjusted value added of financial and insurance corporations fell by 3.0 per cent and the operating surplus went down by 8.9 per cent compared to the previous quarter.
- Consolidated total general government revenue grew at current prices by 7.5 per cent and consolidated total expenditure by 5.0 per cent from the quarter twelve months back. The sector's deficit amounted to EUR 2.7 billion.
- Households' adjusted disposable income grew at current prices by 3.7 per cent and adjusted for price changes it diminished by -1.6 per cent compared to the quarter last year.
- The current account was EUR 1.7 billion in deficit in the third quarter of 2022.
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