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10192
Higher savings in the 2nd quarter
statistikk
2010-08-23T10:00:00.000Z
National accounts and business cycles
en
knri, National accounts, non-financial sector accounts, households, non-profit organisations, disposable income, disposable real income, saving rate, income, expenditures, savings, FISIM, net financial investments, dividendsNational accounts , National accounts and business cycles
false

National accounts, non-financial sector accounts, Q2 2010

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Higher savings in the 2nd quarter

Seasonally-adjusted figures show that the disposable real income for the household sector went up by 0.6 per cent compared to the 1st quarter. Savings in the household sector were also higher than the previous quarter.

Savings ratio, seasonally adjusted Q1 2002-Q2 2010

Households’ real disposable income, seasonally adjusted, (2007=100) Q1 2002 -Q2 2010

The growth in seasonally-adjusted disposable income in current prices was 0.7 per cent from the first to the second quarter. Compensation of employees was almost unchanged during the same period, whereas pensions and benefits from central government went slightly up. Disposable real income, which is disposable income adjusted for price increases, was up by 0.6 per cent.

Higher savings in the 2 n d quarter

According to the preliminary data, savings of the households amounted to NOK 21.8 billion. The seasonally-adjusted saving ratio, savings share of disposable income, was 7.9 per cent in the 2 n d quarter of 2010, while the saving ratio for the previous quarter was 5.9 per cent.

Disposable income and savings ratio for households and NPISHs, seasonally adjusted
 
      Disposable
income		     Disposable
real income		     Household
saving ratio
 
1st quarter 2007   3.82.61.9
2nd quarter 2007-0.1-0.10.7
3rd quarter 20072.52.52.1
4th quarter 20071.41.40.9
    
1st quarter 20080.1-3.3-0.2
2nd quarter 20085.75.74.7
3rd quarter 2008-0.3-0.34.2
4th quarter 20082.52.56.2
    
1st quarter 20090.3-2.26.9
2nd quarter 20093.23.27.3
3rd quarter 20091.41.47.6
4th quarter 20092.12.18.4
    
1st quarter 20100.1-1.95.9
2nd quarter 20100.70.67.9
 

Revisions

Quarterly sector accounts are based on preliminary calculations. The uncertainty in the last quarter is the largest. New information is continuously being integrated into the figures, which could cause revisions in the previously released data. Quarterly sector accounts are also consolidated against the data from the quarterly national accounts data. When the last quarters of the unadjusted series are updated, seasonally-adjusted series may also be revised backwards.

 

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