Tuesday 24 October 2017

Household income slips by 1pc in first quarter

Picture posed. Thinkstock Images
Picture posed. Thinkstock Images

Gross disposable household income fell 1pc in the first three months of the year, according to figures from the Central Statistics Office.

Income slipped €213m to €21.675bn from the last quarter of 2012.

Household expenditure was down by €441m, or 2.2pc, over the same period, leading to a €228m increase in gross household savings. Government savings deficit was €3.58bn in the first quarter, less than the deficit of €4.1bn in the same quarter last year.

State net borrowing was €5.3bn, a deterioration of €437m on the first three months of 2012 following a capital transfer payment by Government to the banks.

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