ELSTAT: Greek households’ available income up in Q2

The available income of Greek households and non-profit organisations grew 3.3 pct to 30.8 billion euros in the second quarter of 2018, compared with the same period last year, Hellenic Statistical Authority said on Monday.

The statistics service, in a report, said that final consumption spending grew 0.6 pct to 31.9 billion euros in the April-June period, while saving rate (gross savings/gross available income) improved to -3.5 pct from -6.2 pct in the second quarter of 2017.

Private investments (gross fixed-capital investments on non-financial sector) totaled 2.7 billion euros. The general government sector recorded a net borrowing of 200 million euros, up from 100 million in the same period last year.

The country’s external balance of goods and services recorded a surplus of 200 million euros in the second quarter from a deficit of 300 million in the same period in 2017. Also, the external balance of primary incomes, current and capital transfers recorded a deficit of 400 million euros.