Greek households and non-profit organizations’ available income fell 0.7 pct in the second quarter of 2016

Greek households and non-profit organizations’ available income fell 0.7 pct to 29.7 billion euros in the second quarter of 2016, compared with the same period last year, Hellenic Statistical Authority said on Wednesday.

The statistics service, in a report, said that final consumption spending eased 1.1 pct to 31.8 billion euros in the April-June period, while the saving rate rose slightly to -7.2 pct in the second quarter from -7.6 pct in the same period last year.

On the other hand, private investments grew significantly, with gross fixed capital investments by non-financial enterprises rising 18.3 pct to 3.026 billion euros, while gross fixed-capital investments as a percentage of gross added value grew to 22.1 pct in the second quarter from 18.4 pct in the same period in 2015.

The statistics service also said that the external balance of goods and services recorded a deficit of 400 million euros in the second quarter, from a surplus of 100 million last year. Imports totaled 12.7 billion euros (down 1.8 pct) and exports fell 2.4 pct to 12.2 billion euros.