Real consumption by households in the euro area increased by 0.8%.
In the first quarter of 2024, real per capita consumption of households in the euro area grew by 0.8%, up from 0.4% in the previous quarter, Eurostat reports.
Household real income per capita grew by 2.1% in the first quarter of 2024 and by 1.3% in the fourth quarter of 2023.
The household saving rate in the euro area was 15.3% at that time, up from 14.3% in the fourth quarter of 2023, according to Eurostat.
However, the household investment rate in the euro area fell from 9.6% to 9.5%, while the share of business (non-financial corporations) profits fell from 40.3% to 39.5%.
The rate of business investment in the euro area rose from 22% to 22.3% in the first quarter of 2024.
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