The National Bank of Belgium indicates that the household savings rate recovered in the second quarter of 2024.
The household savings rate recovered in the second quarter of 2024, standing at 14.8%, according to figures published Tuesday by the National Bank of Belgium (BNB). Their investment rate appears to be falling.
The household savings rate stood at 14.8% in the second quarter of 2024. Their disposable income continued to increase (+2%), while their final consumption expenditure remained fairly stable (+0.1 %), causing the savings rate to inflate.
During this period, the household investment rate also stood at 8.5%, compared to 8.7% in the previous quarter.
For non-financial companies, the margin rate fell to 41.9%, compared to 42.1% in the first quarter. Their investment rate stood at 28.4% of value added in the second quarter of 2024, a clear increase compared to the previous quarter (27%).
Finally, the public administration deficit widened in the second quarter of 2024. For this period, their financing balance showed a deficit of 5% of GDP, compared to 3.2% in the previous quarter.
savings savings rate
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