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In the second quarter of 2022, household real consumption per capita increased by 0.6% in the euro area, after increasing by 0.2% in the previous quarter. Household real income per capita decreased in the second quarter of 2022 by 0.9%, after a decrease of 0.2% in the first quarter of 2022.

These data come from a detailed set of seasonally adjusted quarterly European sector accounts that is published by Eurostat, the statistical office of the European Union.

In the EU, household real consumption per capita increased by 0.6% in the second quarter of 2022, after an increase of 0.3% in the previous quarter. At the same time, household real income per capita decreased by 1.2% in the second quarter of 2022, after an increase of 0.4% in the first quarter of 2022.

Components of household gross disposable income.       During the second quarter of 2022, household gross disposable income (in nominal terms, seasonally adjusted) increased by 1.6% in the euro area and by 1.4% in the EU. That increase is mainly explained by the large positive contribution of compensation of employees. All the other components also contributed positively to the growth of household gross disposable income, except current taxes and net social contributions.

Household saving rate decreased in the euro area, the EU and the majority of Member States.       In the second quarter of 2022, the saving rate decreased by 1.7 percentage points (pp) in the euro area and by 2.0 pp in the EU, compared with the previous quarter. Among the Member States for which data are published, the household saving rate decreased in all Member States, with exception of Ireland (+0.7pp) and the Netherlands (+0.3pp). The largest decreases were observed in Austria (-3.6 pp), Finland (-3.5 pp) and Belgium (-3.2 pp).

Household investment rate nearly stable in the euro area and the EU.       In the second quarter of 2022, the investment rate of households slightly decreased by 0.1 pp in the euro area and the EU, compared with the previous quarter. Among the Member States for which data are published, the household investment rate increased in eight Member States, remained stable in two and decreased in another three. Ireland (+0.8pp) as well as Sweden and the Netherlands (both +0.5 pp) recorded the largest increases, due to their large growth of household gross fixed capital formation. Household investment rate remained stable in France and Portugal, while it decreased in Germany and Finland (both -0.2 pp) as well as in Spain (-0.1 pp).