Household sector saving continues to decline

Household sector saving continues to decline – Media release

8 December 2016

Household net disposable income was $138.4 billion (up 2.8 percent), while household spending was $141.4 billion (up 3.6 percent) in the March 2016 year, Statistics New Zealand said today.

Household saving was negative at $3.0 billion.

“Saving for the household sector continued to decline since a peak in 2012, after which household disposable income increased at a slower rate than household spending,” national accounts senior manager Gary Dunnet said.

Household expenditure increased across all categories in 2016.

National accounts (income and expenditure) statistics for the year ended March 2016 provide a snapshot of the economy’s performance, including household income, spending, and saving.

Ends

For more information about these statistics:

• Visit National Accounts (Income and Expenditure): Year ended March 16

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