Insider Economy Household saving rate in the euro area rises to 12.6% in the...

Household saving rate in the euro area rises to 12.6% in the first quarter of 2019

The household saving rate in the euro area was 12.6% in the first quarter of 2019, compared with 12.1% in the fourth quarter of 2018, while the household investment rate in the euro area was 9.3% in the first quarter of 2019, compared with 9.2% the previous quarter, according to Eurostat, the statistical service of the EU.

In the first quarter of 2019, the business investment rate was 23.6% in the euro area, stable compared to previous quarter. The business profit share in the euro area was 39.8% in the first quarter of 2019, compared with 40.0% in the fourth quarter of 2018.

These data come from a first release of seasonally adjusted quarterly European sector accounts from Eurostat and the European Central Bank (ECB).

(Cyprus News Agency)

Top Stories

252 new cases through PCR tests, two deaths announced on Tuesday

Two men, one aged 75 and one 64, both with underlying conditions have died from Covid-19, the Health Ministry said on Tuesday. Both men...

CYPRA owner: I was not convinced

Speaking before the House Agriculture Committee, George Georgiou, the owner of CYPRA slaughter house said he did not do anything illegal and was not...

U.S. federal agency greenlights Biden’s presidential transition

The U.S. General Services Administration (GSA) on Monday told Joe Biden it was ready to begin the formal presidential transition process for him. GSA Administrator...

Cabinet to decide on Wednesday about measures against COVID-19

Cyprus Government Spokesman, Kyriakos Koushos, has told CNA that the Council of Ministers will decide on Wednesday about what will happen as regards the...

Delays in the arrival of postal items due to decrease of flights

The Cyprus Post would like to inform the public that due to the Coronavirus outbreak, a significant decrease of flights to and from Cyprus...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...