Business investment rate at 22.0% in the euro area and 21.5% in the EU27
Eurostat, the Statistical Office of the European Communities, and the European Central Bank release for the first time on June 1st statistical data on quarterly European sector accounts. They provide a comprehensive overview of the euro area and EU as single entities and allow for a wide-ranging analysis of the interactions between households, non-financial corporations, financial corporations and government. The accounts also show interactions between the euro area and EU and the rest of the world.
The accounts record the value of goods and services each sector produced, how its income was earned, whether the income was spent or saved and if the sector was in financial deficit or surplus. The accounts include key macroeconomic indicators, such as gross domestic product, disposable income and net lending/net borrowing. This release, which will be issued quarterly, presents three key indicators taken from these accounts: the household saving rate, together with the business investment rate and profit share.
In the fourth quarter of 2006, the seasonally adjusted gross saving rate of households was 13.7% in the euro area (EA13). It was 13.7% as well in the third quarter of 2006, which was the lowest level recorded since the third quarter of 2000. In the EU274, the household saving rate was 11.0% in the fourth quarter of 2006, compared with 11.1% in the third quarter. The pattern was similar to the euro area, although the rates were lower over the whole period.
This first release will be followed by regular quarterly releases to be published four months after each quarter. The next two releases will take place on 1 August and 30 October 2007. Being a new statistical product, quarterly European sector accounts may be subject to revisions, in particular for the latest quarters. -http://epp.eurostat.ec.europa.eu
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