Greek households’ available income up in the third quarter of 2017

The available income of Greek households and nonprofit institutions offering services to households grew 0.8 pct to 29.4 billion euros in the third quarter of 2017, from 29.2 billion in the same period in 2016, Hellenic Statistical Authority said on Wednesday.

The statistics service, in a report, said final consumer spending grew 0.8 pct to 31.1 billion euros, while the savings rate (gross savings/gross available income) was -6.0 pct in the third quarter, unchanged in comparison with the same period in 2016.

Private investments (gross fixed capital investments) fell 5.8 pct to 2.3 billion euros in the July-September period, while the external balance of goods and services recorded a surplus of 5.7 billion euros, up from a surplus of 5.1 billion in 2016. The external balance of primary incomes, current and capital transfers, recorded a surplus of 500 million euros, down from a surplus of 1.4 billion in 2016.

The Greek economy recorded net lending of 6.2 billion euros in the third quarter of 2017, from 6.5 billion in 2016, while the general government’s sector recorded net lending of 2.6 billion euros, up from 2.2 billion in 2016.